Live cattle futures closed with $1.17 to $1.92 gains on Thursday. There were no deliveries issued against June futures on Thursday. Open interest was up 2,405 contracts. Cash trade has been quiet this week with a few bids on Thursday reported at $253 in the South and $260 in the North. The Thursday morning Fed Cattle Exchange online auction showed no sales on the 952 head, with a single bid of $255. Feeder cattle futures rallied $3.25 to $5.27 into the close. The CME Feeder Cattle Index was back up $2.04 on June 10 to $370.10.
The weekly Export Sales report showed 19,032 MT of beef sold for 2026 in the week ending on June 4. That was the third largest for the calendar year. Shipments were pegged at 15,239 MT, which was the second largest for the year.
