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Austin Schroeder

Cattle Look to Tuesday with Expanded Limits

Feeder Cattle Live Cattle United States USDA

Live cattle futures fell $1.85 to $8.22 across the board on Monday. Open interest was down 1,737 contracts mainly in August, with other contracts rising. Cash trade was not reported on Monday, after last week’s drop to $230-231 across the country. Feeder cattle futures collapsed on the border news, with Monday losses of $7.075 to the $10.75 limit. The CME Feeder Cattle Index was down another $2.28 on July 24 to $347.37. Live cattle will have expanded limits of $12.75 today, with feeders at $16.

NASS Crop Progress data showed the US pasture rating at 29% gd/ex, steady with the week prior. The Brugler500 index was down 1 point to 270.

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