Live cattle futures resumed some selling into the Friday close, with contracts $2 to $2.30 in the red and October down $6 this week. Cash activity narrowed in at $240 across the country down $2 from last week. Feeder cattle futures closed out Friday falling $4.82 to $7.25 lower in the front months, as September was down $9.42 this week. The CME Feeder Cattle Index was down 40 cents at $363.08 on September 11.
Managed money was busy adding a slight 561 contracts to their large net long position in live cattle futures and options of 131,003 contracts as of Tuesday. Feeder cattle futures and options, spec traders cut back another 2,739 contracts from their net long position to 25,636 contracts
