Live cattle futures closed are falling $1.45 to $2 so far on Thursday. There were a few cash sales of $403 dressed in the north this week, with live trade at $255-256. Southern trade has started at $255. Feeder cattle futures are $1.585 to $1.70 lower across the nearbys so far on Thursday. The CME Feeder Cattle Index was down 41 cents on June 30 to $376.99. The market will observe the July 4th Independence Day Holiday on Friday, for a 3-day weekend.
Export Sales data from USDA showed beef sales for 2026 at 126,062 MT for the week ending on 6/25, a calendar year high. Shipments were tallied at 128,967 MT, which was a 2026 high. There was 111,164 MT in late reporting for sales and shipments.
