Archive · 29 Nov 2025
Chicago cattle futures rise post-Thanksgiving
After Thanksgiving, the prices for live and feeder cattle went up a little bit in Chicago.
This happened because they had lost a lot of value earlier in the week, but then some good news helped them recover.
China decided to keep looking into beef imports for two more months, which gave sellers more time.
Also, the U.S. lowered the extra taxes on beef from Brazil.
However, the prices for hogs, which are pigs raised for meat, went down a tiny bit.
The markets were closed on Thursday for the holiday and closed early on Friday.
Chicago Mercantile Exchange's live and feeder cattle futures rose on Friday in post-holiday trade.
Feeder cattle futures recovered from limit-down losses earlier in the week.
CME February live cattle futures closed up 4.925 cents at 217.850 cents per pound.
January feeder cattle futures settled up 8.850 cents at 323.975 cents per pound.
CME February lean hog futures finished down 0.375 cent at 81.000 cents per pound.
- Who
- Chicago Mercantile Exchange (CME) traders and analysts
- What
- Increase in live and feeder cattle futures, decrease in lean hog futures
- When
- Friday, November 28, 2020 (post-Thanksgiving trade)
- Where
- Chicago Mercantile Exchange (CME)
- Why
- Recovery from previous losses, China's extended beef import investigation, U.S. labor market softening, and reduced tariffs on Brazilian beef
- CME February live cattle futures
- 217.850 cents per pound
- January feeder cattle futures
- 323.975 cents per pound
- CME February lean hog futures
- 81.000 cents per pound
- Trading hours on Friday
- 12:05 p.m. CST (abbreviated)