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Austin Schroeder

Cattle Facing Turnaround Tuesday Pressure

Feeder Cattle Live Cattle

Live cattle futures are slipping back on Tuesday, with contracts down $2.40 to $2.85 at midday. Cash trade has started out on the quieter side this week, with feedlots compiling showlists.

Feeder cattle futures are down 25 cents to $3.50 at midday. The CME Feeder Cattle Index was down 67 cents on September 17 to $339.05. The Monday OKC feeder cattle auction saw sales on 5,649 head, with prices noted as $4 higher on heavier steers and $4 lower on lighter stees. Heifers were down $1 to $5. Steer calves were mixed, up $5 to lower, with heifer calves down $5-10.

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