Live cattle futures posted stronger trade on Tuesday, with contracts up $3 to $3.40. There were no deliveries issued for August live cattle on Tuesday. Cash trade has been quiet this week, as last week picked up to $235-236 in the South and Northern trade reported at $247. Feeder cattle futures are rallied $5.10 to $5.65 across the front months on Tuesday. The CME Feeder Cattle Index was back up 21 cents to $336.03 on August 4.
Beef export data from Census and converted to a carcass basis was tallied at 217.03 million lbs for June. That was the lowest export total for any month since June 2020.
