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Austin Schroeder

Cattle Push Lower on Tuesday

United States Feeder Cattle Live Cattle

Live cattle futures posted losses of 10 to 67 cents on the day. Cash was picked up last week at $403 dressed in the north, with live trade at $255-256. Southern trade was $255. Feeder cattle futures were mixed, with August up 15 cents and other contracts down 47 cents to $2.85 at the close. The CME Feeder Cattle Index was back up $2.08 on July 6 to $373.19.

The weekly NASS Crop Progress report showed the US pasture rating at 33% gd/ex, down 1% from the week prior. The Brugler500 index was up 3 points to 288.

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