Live cattle futures closed the Thursday session with contracts down $2.80 to $3.92 despite a failed midday rally off the lows. Cash trade has seen action kick off at $256-260 so far through Thursday, with southern action $256-258 and northern trade at $258-260. Feeder cattle futures were down $6.07 to $6.87 on the day. The CME Feeder Cattle Index was back down $2.90 to $372.29 on May 5.
Brazil’s president Lula was in DC on Thursday talking with President Trump over trade and tariffs, though few details were released.
