Live cattle futures are showing $5.35 to $6.27 losses across most contracts on Tuesday. Cash activity has yet to show much beyond compiling showlists this week. Last week saw sales of $242-243, steady to $1 higher in the South and $2-3 weaker in the North.
Feeder cattle futures are falling the $9.25 limit across the board at midday. The CME Feeder Cattle Index was back up $3.07 at $367.03 on September 5. The Monday OKC feeder cattle auction showed 9,381 head offered. Feeders were steady to $4 lower, with calves steady to down $2-6.
