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Barchart
Barchart
Austin Schroeder

Cattle Close July with Sharp Month End Selling

Live Cattle KS Feeder Cattle USDA

Live cattle futures continued the midday slide into the close, rounding out the month with losses of $5.30 to $6.57 on Thursday. Cash trade has picked up this week to $235 in KS, up $3 to $5 from last week. Northern trade was up $3 to $383 dressed. Business has been quiet outside of that. Feeder cattle futures collapsed further from the midday losses to close with nearby contracts down $7.57 to $8.37. The CME Feeder Cattle Index was up another $1.98 to $335.01 on July 30. 

Beef Export Sales totaled 8,483 MT in the week ending on July 24, back down from the previous week. Shipments totaled 12,262 MT.

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