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Austin Schroeder

Cattle Face Mixed Action on Friday

Feeder Cattle Live Cattle

Live cattle futures were mixed on Friday, with contracts down 52 cents to 37 cents higher, as October was down $3.75 on the week. Cash trade was reported at $350-355 dressed in the North with a few $222-223 live sales. Feeder cattle futures were 65 cents to $2, as September was $4.25 lower than last Friday. The CME Feeder Cattle Index was down 67 cents on September 17 to $342.50.

USDA’s Cattle on Feed report from Friday showed August placements well below estimates (down 3.3%) at 1.617 million head, a record low for the month and 9.16% below last year. Marketings during the month were down 3.31% at 1.519 million head. September 1 on feed inventory was up just 0.75% from a year ago at 11.163 million head.

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