Live cattle futures saw gains at the Monday close, with contracts up 62 cents to $1.02. Open interest was up just 846 contracts on Monday. Cash trade was stronger last week, as most of the country was $230. A few sales in the north reached $234.
Feeder cattle futures were higher by the final bell on Monday, with gains of 55 to 85 cents in the front months. The CME Feeder Cattle Index was up 60 cents to $347.37 on December 12. The weekly OKC feeder cattle auction shows 8,500 head for sale, which is above the week prior. Feeders were $4-8 higher on thee steers and steady to up $3 for heifers. Calves were $5-10 lower for steers and down $10-20 on heifers.
