Live cattle futures were anywhere from $3.97 to $5.30 higher across the board on Tuesday. Open interest suggested a rotation of ownership, up just 2 contracts Cash trade has yet to get kicked off this week, following last week’s live northern sales at $220-222 and southern trade reported at $226. Feeder cattle futures were up $6.60 to $9.575 on the Tuesday session, nearing $10.75 limit gains in some contracts. The CME Feeder Cattle Index was 54 cents lower on October 5 to $337.22.
Monday’s Crop Progress report showed the US pasture rating at 23% gd/ex, up 4% on the week. The Brugler500 index was back up 9 points to 257.
