Live cattle futures experienced midday losses ranging from $1.55 to $2.70 but showed signs of recovery from early lows. Cash trade transactions this week included sales at $256 during the Thursday Fed Cattle Exchange online auction. Feeder cattle futures declined by $4.40 to $4.80, while the CME Feeder Cattle Index fell by 14 cents to $375.19.
In the week ending April 30, the weekly Export Sales report indicated 10,005 metric tons of beef sold for 2026, the second lowest for the year, while shipments reached a six-week high of 14,207 metric tons.
Wholesale boxed beef prices saw a dip, with Choice boxes down $2.04 to $387.58 and Select boxes down $4.55 to $385.08. The USDA reported a federally inspected cattle slaughter of 108,000 head for Wednesday, bringing the weekly total to 313,000 head, which is 11,000 head lower than last week and 34,133 head below the same week last year.
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