Live cattle futures are down a nickel to 77 cents early on Monday. First Notice day if today for August. Cash trade was picked up last week to $235-236 in the South, up $3 to $5 from last week, as Northern trade reported at $247, up $2.
Feeder cattle futures are down $1.32 to $1.87 at Monday’s midday after early session gains. The CME Feeder Cattle Index was up another 98 cents to $335.89 on July 31. The Monday OKC feeder cattle auction showed an estimated 6,200 head of feeders for sale, above the week prior.
