Live cattle futures posted $1.37 to $1.75 losses across the nearbys on the Thursday session. Cash activity has started to pick up this week, with some sales of $242-243 reported, steady to $1 higher in the South and $2-3 weaker in the North. This morning’s Fed Catte Exchange online auction showed sales of $242.50 on 255 of the 752 head offered. Feeder cattle futures were down $2.25 to $3 on Thursday. The CME Feeder Cattle Index was down another $4.08 at $361.35 on September 3.
Census data converted to a carcass basis showed a 10-year low in exports for July at 210.6 million lbs.
