Live cattle futures are rallying $2.20 to $3.15 so far on the Friday session, as bulls continue to battle back. The Friday morning Fed Cattle Exchange showed $225 sales on 45 of the 952 head offered, with $223-224 bids on other lots. Feeder cattle futures are rallying, helped by recent short covering and grain weakness, as contracts are up $5.40 to $5.90 at midday. The CME Feeder Cattle Index was back up $1.53 on September 9 to $328.96.
Export Sales data from USDA showed beef sales for 2026 at just 8,581 MT for the week ending on 9/3. That was an 8-week low. Shipments were tallied at 11,521 MT, which was a 4-week low.
