Live cattle futures were $1.75 to $1.82 higher in the front months on Tuesday. Preliminary open interest suggested new buying interest, up 2,200 contracts. There were no new deliveries on Tuesday for October live cattle. Cash trade has been quiet this week, with last week settling in at $240-241 across the country. Feeder cattle futures were up 80 cents to $1.20 in the front months, with October down a tick on Tuesday. The CME Feeder Cattle Index was back down $3.16 at $372.99 on October 20. The Monday OKC feeder cattle auction had 6,298 head sold, with feeders down $5-15. Steer calves were steady with lighter weights up $10-20 and heifer calves down $5-15.
Secretary Rollins stated on Tuesday that the US had a plan for onboarding beef to the US that was expected to come this week, though no official details were released.
