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Live cattle futures were mixed on the session, with losses of 2 to 25 cents in the front three contracts, and gains of 27 to 40 cents after the October contract. Feeders posted triple digit gains on the day. The COF report came out at 11AM CDT today showing 0.81% more cattle on feed than a year ago as of April 1. Placements were 95.38% of year ago, and Marketings came in at 92.18% of a year ago. The USDA Cold Storage report showed beef supplies as of April 30 were 118.5% of year ago, but down about 1% from the previous month. Overall the reports were neutral/friendly. Cash cattle trade perked up with the market ranging from $158 to $161 nationally, and dressed sales reported from $250 to $253. Wholesale beef prices were down again today with Choice boxes averaging $1.97 lower and Select boxes off $1.70. They had set new all time highs earlier in the week.
Jun 15 Cattle closed at $152.125, down $0.250,
Aug 15 Cattle closed at $150.700, down $0.200,
Oct 15 Cattle closed at $152.600, down $0.025,
Sep 15 Feeder Cattle closed at $218.000, up $1.175
Oct 15 Feeder Cattle closed at $217.000, up $1.100
Nov 15 Feeder Cattle closed at $216.300, up $1.175