Cattle Markets Surge, Beef Exports Mixed

Live cattle futures surged on Thursday, with contracts rising by two to three dollars, following a robust cash market rally. Feeder cattle futures also climbed, indicating renewed confidence among traders and producers. However, export sales for beef were mixed, with low new sales but strong actual shipments. Domestically, wholesale boxed beef prices were slightly lower, but cattle slaughter was up, suggesting a potential increase in supply.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.