Live cattle futures rallied late on Wednesday, with contracts pushing higher on the tariff delay and closing up $3.75 to $4.75. There were no deliveries for April live cattle on Wednesday. Cash trade trickled in on Wednesday, with light action at $208. This morning’s Central Stockyards Fed Cattle Exchange showed no sales on the 1,450 head offered, with bids of $200 to $206.50.

Feeder cattle futures were also in rally mode late on Wednesday, with contracts closing $3.32 to $6.47 higher. The CME Feeder Cattle Index was back up 8 cents on Tuesday, with the average price at $290.61.

Late on the Wednesday session, President Trump announced that there would be a 90-day tariff pause on the targeted countries with the exception being China. The blanket 10% tariff were left on for all countries. The new tariffs on China were raised to 125% on all imports from the country.

USDA’s National Wholesale Boxed Beef prices were lower on Wednesday afternoon, as the Chc/Sel widened back out to $17.25. Choice boxes were down 24 cents at $337.89/cwt, with Select $1.45 lower to $320.61. Wednesday’s Federally inspected cattle slaughter was estimated at 123,000 head by the USDA, bringing the weekly total to 349,000 head. That was 2,000 head below the previous week and down 7,056 head from the same week last year.

Apr 25 Live Cattle  closed at $202.800, up $3.700,

Jun 25 Live Cattle  closed at $198.375, up $4.750,

Aug 25 Live Cattle  closed at $195.000, up $4.550,

Apr 25 Feeder Cattle  closed at $283.750, up $3.325,

May 25 Feeder Cattle  closed at $278.200, up $6.475,

Aug 25 Feeder Cattle  closed at $283.250, up $5.650,