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Austin Schroeder

Cattle Taking Back Wednesday Losses on Thursday

ARE Feeder Cattle Live Cattle Fed Cattle Exchange USDA

Live cattle futures are posing 7 cent to $1.35 gains. Cash trade has yet to get fully kicked off this week, as last week was $232-233 across the country. The Thursday morning Fed Cattle Exchange online auction showed no sales or bids on the 974 head offered. Feeder cattle futures are back up $3.10 to $4.05 so far on Thursday. The CME Feeder Cattle Index was up 57 cents to $369.69 on January 13.  

Export Sales data showed beef bookings at 11,192 MT in the week of 1/8. Shipments were tallied at 11,657 MT for that week.

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