Live cattle futures posted mixed trade, with October down 17 cents, and other contracts up 12 to 60 cents on Monday. Preliminary open interest was down 5,645 contracts on Monday. Cash activity has yet to show much beyond compiling showlists this week. Last week saw sales of $242-243, steady to $1 higher in the South and $2-3 weaker in the North.
Feeder cattle futures posted gains after early back and forth trade, with contracts up $1.12 to $2. The CME Feeder Cattle Index was back up $3.07 at $367.03 on September 5. The Monday OKC feeder cattle auction showed 9,400 head offered, ahead of the previous sale due to last week’s holiday but down from last year. Feed steers were steady to $3 lower, with heifers steady vs. the pre-Labor Day week. Calves were steady to down $2-6.
