Live cattle futures posted $2.45 t $2.90 gains across most contracts on Thursday. There were no deliveries issued for August live cattle on Wednesday. Cash trade has yet to kick off this week outside of the $237 in Wednesday’s FCE. Feeder cattle futures continued to push higher on Thursday, as contracts were $3.62 to $6.07 higher, extending to new highs. The CME Feeder Cattle Index was up 76 cents to $336.97 on August 6.
Beef Export Sales data showed a total of 15,921 MT in sales during the week of 7/31, nearly double the previous week. Shipments were 14,049 MT, a 4-week high.
