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Cattle Market Commentary

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Live cattle futures ended the Thursday session with most contracts 37.5 cents to $1.95 lower. Feeder cattle futures were 72.5 cents to $1.30 in the red. The CME feeder cattle index was down 11 cents from the previous day on 8/8, reaching $150.45. Wholesale boxed beef values were mixed on Thursday afternoon. Choice boxes were up 33 cents at $206.06, while Select boxes were 77 cents lower at $198.09. Weekly FI cattle slaughter was estimated at 472,000 head through Thursday. That is up 5,000 head from the previous week and 9,000 head above the same week in 2017. Beef Export sales for the week of 8/2 totaled 14,560 MT, a slight drop from the previous week. Weekly beef exports hit 18,328 MT A few cash cattle sales of $110-111.50 live and $178-179 were reported in the North on Thursday.

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