Enid Livestock Market (Enid, OK) reports 80 Steers (977 lbs) @ $213.75 (05/02 4:23 PM CDT)

U.S. CATTLE REPORT: June LC rebound, down 35 cents from Monday; Nebraska cash trade up $2-3 at $187; Boxed beef slips again despite good movement; Beef exports best all year at 22.5K mt; Drought lowest since June 2020; Random cattle slaughter slow again at 120K

FRIDAY SALES: Blue Grass, Tri-State, Burwell, Eastern Missouri, Fort Scott, SEMO, Verdigre, St. Onge, Sioux Falls, Edina, Kingsville, Wahoo; Santa Teresa, Sugarcreek, Staunton Union - WATCH LIVE

U.S. EXPORT SALES: Beef sales of 22,500 MT for 2024--a marketing-year high--were up 48 percent from the previous week and 38 percent from the prior 4-week average

DROUGHT MONITOR: During the late week and weekend, a large severe weather outbreak brought large hail, damaging winds and numerous intense tornadoes to parts of the central and southern Great Plains and Midwest.

Boxed Beef PM: Choice: $292.90 (-0.64); Select: $287.98 (-0.09); Ch/Se Spread: 4.92; Total Loads: 164 compared to 186 on Wednesday

And It’s Good Again... The first slew of government test of ground beef for traces of bird flu came back negative and the CME cattle futures are off to the races. Over 30k cattle traded about $1.50 higher than the prior week, averaging $186.50 live and $294.88 dressed (THE BEEF)

DAILY CATTLE SLAUGHTER: Thursday slaughter at 120K head, compared to 125K last week and 120K last year. WTD slaughter at 480K head, compared to 488K last week and 494K last year (U.S. CATTLE REPORT)

CME LIVESTOCK: Live Cattle: $176.80 (+2.95); Feeder Cattle: $255.225 (+3.475); Hogs: $99.925 (-0.50) (VIEW COMMODITY QUOTES)

CME GRAINS: Corn: $4.5975 (+0.09); Wheat: $6.0425 (+0.05); Soybeans: $11.99 (+0.2875); Soybean Meal: $364.90 (+15.90) (VIEW COMMODITY QUOTES)

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