Boxed Beef PM: Choice: $247.36 (+0.30) Select: $216.99 (-2.23); Ch/Se Spread: $30.37; Total Loads: 208 compared to 169 on Wednesday

U.S. EXPORT SALES: Corn sales at 227K mt; Beef at 16.4K mt

DROUGHT MONITOR: Low water levels are impacting barge traffic on the Mississippi River during the harvest, a crucial time

USDA estimates daily cattle slaughter at 127K head, compared to 127K last week and 121K last year. WTD slaughter at 510K head, compared to 507K last week and 484K last year (Thu)

CME LIVESTOCK: Live Cattle: $147.875 (-0.05); Feeder Cattle: $176.425 (-0.90); Hogs: $77.775 (+1.275); Milk: $21.89 (+0.05)

CME GRAINS: Corn: $6.755 (-8.50); Soybeans: $13.58 (-11.75); Wheat: $8.79 (-23.00); Cotton: $82.90 (-0.33)

STOCK UPDATE: Dow 30: 29,926.94 (-346.93); Nasdaq: 11,073.31 (-75.33); S&P 500: 3,744.52 (-38.76) (Stocks Fall As Bond Yields Rise On Hawkish Fed Comments)

ENERGY PRICES: Crude Oil: $88.85 (+1.09); Heating Oil: $3.8755 (+0.1886); Natural Gas: $6.926 (-0.004) (Crude Closes Moderately Higher on Global Supply Concerns)

CATTLE IMPORTS: The United States has imported 1.29 million head of cattle from Mexico so far in 2020, up 11.3% from 2019

CATTLE IMPORTS: The United States has imported 470.5K head of cattle so far in 2022, down 1.7% from 2021. The United States has imported 240K head of cattle from Mexico so far in 2022, down 27% from 2021. The United States has imported 230K head of cattle from Canada so far in 2022, up 53% from 2021

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