On Thursday, June live cattle futures gained 37 cents, closing at $228.200, while other contracts fell by 67 cents to $1.07. The cash market reported trading at $235-238 in the South and $380 in the North. Feeder cattle futures were mixed, with August up 17 cents to $311.250 but other contracts down by 25 to 40 cents.
The USDA reported beef export sales at 15,337 MT for the week ending June 5—a significant increase from the previous week and the highest total in eight weeks. South Korea purchased 6,100 MT, while Japan bought 3,200 MT. Additionally, the USDA’s National Wholesale Boxed Beef prices increased, with Choice boxes up $1.96 at $376.72 and Select boxes up $2.32 at $363.07/cwt. The estimated federally inspected cattle slaughter for Thursday was 115,000 head, contributing to a weekly total of 456,000, down 21,000 from the previous week and 32,969 from last year.
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