Live cattle futures are slipping back 72 cents to $1.40 so far on Tuesday. Cash activity narrowed in at $240 last week across the country down $2 from the week prior. Much of this week’s early action has been compiling showlists. Feeder cattle futures are giving some back this at midday with contracts down 40 cents to $1. The CME Feeder Cattle Index was down 93 cents at $362.15 on September 12. The weekly OKC feeder cattle auction showed 6,044 head for sale, with price action down $2-6 for feeder heifers and steady for feeder steers. Calves were down $10-20.
USDA Wholesale Boxed Beef prices were lower in the Tuesday AM report, with the Chc/Sel spread at $19.89. Choice boxes were down $2.70at $395.83, while Select was $2.86 lower to $375.94. USDA federally inspected cattle slaughter for Monday was estimated at 110,000 head. That was 4,000 head above last Monday, but 10,815 head lower vs. the same week in 2024.
