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Austin Schroeder

Cattle Falling at Month End

ARE Live Cattle Fed Cattle Exchange Feeder Cattle KS USDA

Live cattle futures are seeing some month end selling, with contracts down $3.55 to $4.65 on Thursday. Cash trade has picked up this week to $235 in KS, up $3 to $5 from last week. Business has been quiet outside of that. This morning’s Fed Cattle Exchange online auction from Central Stockyards showed $228 bids in TX, with no sales reported on the 1,096 head offered. Feeder cattle futures are falling with $3.70 to $4.75 across most contracts at midday. The CME Feeder Cattle Index was back up 83 cents to $333.03 on July 29.

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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