Live Cattle Futures PricesThu, May 5th, 2016
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Live cattle futures closed $1.50 to $2.175 higher, with Jun16 cattle the strongest. Feeders finished $2.60 to $3.40 higher on significantly lower feed costs. Aug16 feeders ended the session at their highest close since April 18. The CME Feeder Cattle Index for 5/4 was down 44 cents to $142.94. A few cash cattle traded at $121 live on Thursday. Choice boxed beef were down 32 cents to $204.42 on Thursday, and select prices were 15 cents lower to $195.50. Through Wednesday, WTD FI slaughter was estimated at 440,000 head, down 7,000 head from last week, and 4,000 head smaller than the same day a year ago. Weekly beef export sales were 15,542 MT during the week ending last Thursday. Commitments are 105% of a year ago through April 28. Official monthly exports for March were released this week. The US exported 186.918 million pounds of beef in March, up 8.5% from February, and 1% larger than March 2015. Beef imports during the month reached 273.834 million pounds, but YTD imports were down 9.5% year over year for the first quarter.
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