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Austin Schroeder

THE TRUTH ABOUT: Cattle bouncing higher on thursday - The Untold Story

ARE Live Cattle Northern Feeder Cattle USDA

Live cattle futures are trading with 40 to 80 cent gains at Thursday’s midday. Cash trade has yet to get kicked off this week. A few Southern sales were reported at $239 on Wednesday, with bids of $239 this morning and Northern bids if $235. The Thursday morning Fed Cattle Exchange online auction from Central Stockyards saw no sales on the 1,250 head offered, with bids at $232-238. Feeder cattle futures are up $1.50 to $2.40 so far on the Thursday session. The CME Feeder Cattle Index was down 27 cents at $361.36 on September 16.

Weekly Export Sales data showed a total of 15,777 MT of beef sold in the week ending on 9/11, an improvement from last week. Shipments were tallied at 13,169 MT, which was a 6-week high.

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