Live cattle futures posted mixed trade on Monday, with nearbys down 22 to 40 cents and back months up 10 to 35 cents. Cash trade was quiet on Monday, as trade was $222-223 live and $345 dressed action in the North last week, with some southern action near $226. Feeder cattle futures were 30 to 85 cents lower on Monday. The CME Feeder Cattle Index was $1.55 higher on October 9 to $338.62. The Monday OKC feeder auction had an estimated 5,800 head for sale, with sales listed at steady to $3 higher on feeder steers, with lighter steers up $5-10. Heifers were $2-7 higher. Calves were $10-20 higher.
Wholesale Boxed Beef prices were mixed in the Monday afternoon report, with the Chc/Sel at $21.43. Choice boxes were up $2.21 to $375.56, with Select 17 cents lower to $354.77. USDA estimated Federally inspected cattle slaughter for Monday at 106,000 head. That was up 4,000 from the Monday prior but 2,419 head below the same week last year.
