Live cattle futures fell $2.20 to $3.47 on Thursday. Some light trade volume was reported on Thursday with $188 sales in south. Yesterday morning’s Central Stockyards Fed Cattle Exchange saw sales on one lot of TX cattle for $191 using their BidTheGrid™ method, with live bids of 187 in TX. Feeder cattle futures were down $4.10 to $5.70 at the close. The CME Feeder Cattle Index was down 87 cents at $257.82 on July 31.
Export Sales data showed beef totaling 17,710 MT in sales for 2024, a 10-week high. Actual export shipments were tallied at 16,209 MT, slightly below last week.
USDA wholesale Boxed Beef prices were lower in the Thursday PM report. Choice boxes were down $1.98 at $312.79, with Select products $2.70 lower @ $297.46. The Chc/Sel spread widened to $15.33. USDA estimated Thursday’s FI slaughter at 114,000 head, taking the weekly total to 474,000 head. That is down 6,000 head from last week and 19,007 head below the same week a year ago.
Aug 24 Live Cattle closed at $184.800, down $2.325,
Oct 24 Live Cattle closed at $183.725, down $2.950,
Dec 24 Live Cattle closed at $184.600, down $3.275,
Aug 24 Feeder Cattle closed at $253.150, down $4.100,
Sep 24 Feeder Cattle closed at $251.800, down $5.300,
Oct 24 Feeder Cattle closed at $250.875, down $5.275,
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