Live cattle futures are down a nickel to 75 cents on Thursday. Cash trade has been quiet this week, with a few sales of $243 in KS reported on Wednesday. The Thursday Fed Cattle Exchange online auction showed no sales on the 1,272 head offered, with bids of $240 on the hoof and $376 in the beef. Feeder cattle futures are trading with 67 cent to $2.15 losses in the front months on Thursday. The CME Feeder Cattle Index was back up 53 cents to $374.36 on February 10.
USDA reported at total of 15,660 MT in the week of 2/5, which was a 3-week low. Shipments totaled 11,672 MT in that week, the lowest in 4 weeks.
