Live cattle futures posted gains of $1.45 to $2.15 across the front months on Thursday.  Cash trade started was reported at $230-231 live in the north and dressed at $360-370. A few sales were picked up in KS at $224-229. Feeder cattle futures closed the Thursday session with contracts up $3.25 to $3.60 and nearby May expiring down 90 cents. The CME Feeder Cattle Index was back up 31 cents on May 21 with an average price at $295.69. 

Export Sales data showed a total of 12,276 MT of beef sold in the week of May 15. That was back down from the week prior. Japan was the top buyer of 3,600 MT, with 2,800 MT sold to South Korea. Shipments were tallied at 14,828 MT, which was back up from the previous week.  Of that total, 5,400 MT was headed to South Korea, with 4,100 MT to Japan.

USDA’s National Wholesale Boxed Beef price was higher in the Thursday afternoon report, with the Chc/Sel spread at $12.02. Choice boxes were up $1.38 at $360.97, while Select was quoted 67 cents higher at $348.95 per hundred pounds. USDA’s Federally inspected cattle slaughter for Thursday was estimated at 116,000 head, taking the weekly total to 471,000 head. That is up 12,000 head from the week prior but down 8,832 head from the same week last year.

Jun 25 Live Cattle  closed at $215.625, up $1.475,

Aug 25 Live Cattle  closed at $210.500, up $1.850,

Oct 25 Live Cattle  closed at $208.225, up $2.150,

May 25 Feeder Cattle  closed at $295.400, down $0.900,

Aug 25 Feeder Cattle  closed at $299.775, up $3.350,

Sep 25 Feeder Cattle  closed at $298.625, up $3.575,

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