Live cattle futures rounded out Monday trade with gains, as contracts were 12 to 55 cents higher at the close despite some early pressure. Cash trade was light last week with $245 northern action reported, steady to $2 lower wk/wk. The South was listed at $235, steady.
Feeder cattle futures failed to use the expanded limits on Monday, but had back and forth trade with futures closing 20 to 85 cents higher. The CME Feeder Cattle Index was up another $3.87 to $341.04 on August 8. The Monday OKC feeder cattle auction had an estimated 5,600 head for sale, with action noted $8 to 12 higher for steers and heavies down $3, with heifers $3-8 higher. Calves were $4 on either side of unchanged.
