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Triple Digit Gains for Cattle
BRUG - Thu Jul 02, 3:59PM CDT

Live cattle futures climbed $0.90 to $2.10 higher on Thursday. For August fats that added to the weekly gain of 4.7%. Feeder cattle futures climbed $1.55 to $1.82 higher in the front months. July 1 Feeder Cattle index was another 8 cents lower, at $129.05. USDA reported moderate Wednesday cash activity mostly at $95. On Wednesday, live cash sales went $95-96 in all feeding regions, and dressed sales were $154 to $155. USDA reported beef export sales at 12,326 MT on the week ending June 25. That was down 50% from last week, and down by 34% yr/yr. Beef shipments are back to even with 2019’s pace, as 381,827 MT have been shipped YTD through June 25. May beef shipments were 188.5m lbs. That was down 20% from April. Wholesale boxed beef prices strengthened on July 2. Choice boxes were up by 6 cents, and Select boxes were 33 cents higher. The Chc/Sel spread was $6.68, but Choice ribs were $20.32 above Select at $335.75 cwt. USDA’s estimate for FI cattle slaughter through Thursday is 484,000 head, which is not comparable to last year due to the holiday.

Aug 20 Cattle closed at $99.400, up $2.100,

Oct 20 Cattle closed at $102.675, up $2.000,

Dec 20 Cattle closed at $105.925, up $1.425,

Aug 20 Feeder Cattle closed at $134.875, up $1.800

Sep 20 Feeder Cattle closed at $135.850, up $1.825

Oct 20 Feeder Cattle closed at $136.700, up $1.800

--- provided by Brugler Marketing & Management

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