Live cattle futures are slipping lower on Thursday, with losses of a dollar at midday. Cash activity thus far has been limited so far this week, with some light $230 in the South. Other bids are $230 in the South and $235 in the North. The Thursday Fed Cattle Exchange online auction from Central Stockyards showed no sales on the 2,556 head offered and $226-231 bids. Feeder cattle futures are down $2.25 to $2.75 on Thursday. The CME Feeder Cattle Index was up another 61 cents to $327.44 on July 22.
Export Sales data showed a total of 16,740 MT of beef sold in the week of 7/17, nearly double the same week last year. Shipments improved 21.68% to 12,525 MT.
