Live cattle futures are trading with $1.55 to $2.70 losses at midday, but bouncing off early session lows. Cash trade has seen a few $256 sales so far this week. The Thursday Fed Cattle Exchange online auction showed $256 sales. Feeder cattle futures are down $4.40 to $4.80 The CME Feeder Cattle Index was back down 14 cents to $375.19 on May 5.
The weekly Export Sales report showed 10,005 MT of beef sold for 2026 in the week ending on April 30. That was the second lowest for the calendar year. Shipments were pegged at 14,207 MT, which was a 6-week high.
