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Barchart
Barchart
Austin Schroeder

Cattle Posting Mixed Action at the End of the Week

Live Cattle Fed Cattle Exchange Feeder Cattle nickel North South USDA

Live cattle futures are mixed, with nearbys up a tick to a nickel lower. Cash trade was reported at $350-355 dressed in the North with a few $224 live bids in the South. The Thursday Fed Cattle exchange online auction showed no sales on the 1,514 head offered with $220-220.50 bids. Feeder cattle futures are down 50 cents to $1.55. The CME Feeder Cattle Index was up 43 cents on September 16 to $343.17.

USDA will release their monthly cattle on feed report at 2pm CDT this afternoon, with August Placements seen 3.3% lower and marketings down 4%. September 1 cattle on feed inventory is estimated to be up 1.7% from a year ago.

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