Live cattle futures closed out the Monday session with contracts 15 cents to 47 cents lower. Cash trade has yet to get kicked off with Monday compiling showlists. Last week settled in at $232-235 in the North, with Southern action at $235-237. Feeder cattle futures were 30 to 80 cents in the red on Monday. The CME Feeder Cattle Index was up $2.57 at $367.61 on September 26. The weekly OKC auction had an estimated 4,800 head for sale, above last week. Sales were listed at steady to $3 lower for feeders and calves down $5 to $10.
USDA’s Cold Storage report from Friday showed beef stocks on August 31 at 393.802 million lbs. That was a 1.01% drop from July but was 1.52% above the same period last year.
