Live cattle futures are reverting lower on Thursday, as contracts are down $1.90 to $3.77 at midday. Cash trade has started to pick up at $235 live and $370 dressed across the North so far on Thursday. The Thursday Fed Cattle Exchange online auction showed no sales on the 734 head offered, with bids at $233-234 live. Feeder cattle futures are falling $3.32 to $5.72 across the nearby contracts on Thursday. The CME Feeder Cattle Index was back down 48 cents on August 4 to $348.65.
Export Sales data from USDA showed beef sales for 2026 at 19,845 MT for the week ending on 7/30. That was a 6-week high. Shipments were tallied at 12,461 MT, which back up from last week.
