Live cattle futures posted gains of $1.30 to $2.30 across the front months on Tuesday, hitting new all-time highs on the front month continuation chart. Cash trade was quiet on Monday, mostly compiling showlists. Last week saw northern dressed action at $385-392 and live trade at $245, with southern trade at 240.
Feeder cattle futures close the session up $2.37 to $3.15 in the nearbys on Tuesday. The CME Feeder Cattle Index was up another $1.25 to $359.17 on August 25. Monday’s OKC weekly feeder auction saw sales on 6,173 head at $4-10 higher for feeders, with steer calves up $10-20 and heifer calves up $8-12.
