Live cattle futures are trading with $1 to $1.30 gains at Thursday’s midday. Cash activity so far this week has been $238-240 in the North, down $2-5 from last week. This morning’s Fed Cattle Exchange online auction showed no sales on the 1,516 head offered, with bids of $233-237. Feeder cattle futures are pushing higher on Thursday, with $1.85 to $2.10 gains at midday. The CME Feeder Cattle Index was down 39 cents at $365.47 on September 9.
Export Sales data showed 12,053 MT in beef sales during the week of September 4, a 3-week low. Shipments were a calendar year low at just 8,650 MT in that week.
