Live cattle futures are posting midday gains of $2.77 to $3.37 so far. Cash trade has yet to get kicked off this week, as last week was light with $245 northern action reported and $235 in the South.
Feeder cattle futures are posting strength on Tuesday, up $4.27 to $5.02 at midday. The CME Feeder Cattle Index was up another $3.87 to $341.04 on August 8. The Monday OKC feeder cattle auction had 5,525 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.
