Live cattle futures were down $5.62 to $6.90 in most contracts on Tuesday. Cash activity kicked off on Tuesday with light sales of $375-378 in the North, down $5 from last week. Southern trade has been quiet. Due to limit losses in the feeders, Wednesday will see expanded limits of $10.75.
Feeder cattle futures fell the $9.25 limit across the board on the Tuesday session. Limits will be expanded to $13.75 on Wednesday. The CME Feeder Cattle Index was back down $1.17 at $365.86 on September 8. The Monday OKC feeder cattle auction showed 9,381 head sold. Feeders were steady to $4 lower, with calves steady to down $2-6.
