Live cattle futures are falling $1.70 to $2 at midday Cash has been slow early this week with very little action early. The Thursday Fed Cattle Exchange online auction showed no sales on the 1,356 head, with bids at $245-248. Feeder cattle futures are falling $4.12 to $4.50 so far on Thursday. The CME Feeder Cattle Index was back down $2.44 on July 7 to $370.75.
Export Sales data from USDA showed beef sales for 2026 at 13,977 MT for the week ending on 7/2. That was back up from last week after USDA issued a correction to 12,064 MT for the week of 6/25. Shipments were tallied at 14,492 MT, which was back down from last week.
