Live cattle futures are trading $1.95 to 2.25 lower so far on the Thursday session. Cash activity has started to pick up this week, with some sales of $242 reported, steady in the South and 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 are $2.87 to $4 in the red so far on Thursday. The CME Feeder Cattle Index was back down 9 cents at $365.43 on September 2.
Census data converted to a carcass basis showed a 10-year low in exports for July at 210.6 million lbs.
