Live cattle futures are leading the way with losses of $4 to $4.60 so far on Thursday. There were no deliveries issued against August futures on Wednesday. Cash trade has been picked up with some $228-230 sales in the North. The Wednesday Fed Cattle Exchange auction showed no sales on the 1,308 head offered, with a bids of $228. Feeder cattle futures are trading with $2.70 to $3.75 losses across most contracts on Thursday. The CME Feeder Cattle Index was back up $1.15 on August 11 to $355.37.
Export Sales data from USDA showed beef sales for 2026 at 14,426 MT for the week ending on 8/6. That was a 3-week low. Shipments were tallied at 11,420 MT, which was a 4-week low.
