Cattle

Live cattle futures were down 35 cents to $1.05 on the day. Feeder cattle futures were mostly lower, with May expiring higher at $136.40. The CME feeder cattle index was up $1.01 on May 23 at $134.44. Wholesale boxed beef values were lower on Thursday afternoon. Choice boxes were down $1.08 at $229.00, with Select boxes 11 cents lower at $204.93. Week to date FI cattle slaughter was estimated at 479,000 head through Thursday. That is 5,000 head larger than last week. Analysts are expecting to see May 1 cattle on feed at 11.535 million head, 4.9% larger than last year. The report is scheduled for this morning at 11 AM CDT. Actual exports totaled 16,137 MT, 18.72% larger than last year. Total commitments of beef exports are 15.1% larger than the same time last year. Cash trade was fairly quiet on Thursday, with a few light reports of $114-115 sales.




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