Live cattle futures were 7 to 72 cents lower across most contracts on Monday, fading early gains. Cash trade was at $232-233 last week, with a few at $235. Early bids surfaced near $233 on Monday, but no volume was reported. Feeder cattle futures saw losses of 20 cents to $2.40. The CME Feeder Cattle Index was back up $1.06 on July 31 to $346.89. The Monday OKC feeder cattle auction showed 2,662 head sold, with prices listed $5-10 higher on steers and +$5-15 on heifers. Calves were steady on steers, with heifer calves up $10-15.
NASS Crop Progress data showed the US pasture rating at 25% gd/ex, dropping 4% from the week prior. The Brugler500 index fell 11 points to 259.
