Live cattle futures are posting $1.40 to $1.95 across the front months at midday. There were no deliveries issued for October live cattle on Monday, with the oldest long dated August 7. Cash cattle trade last week closed in on $234-235 for much of the country, $2 higher in the South and up $4-5 in the North.
Feeder cattle futures are up another $4.77 to $5.22 across most contracts on Tuesday. The CME Feeder Cattle Index was up another $1.08 at $369.00 on October 10. Monday’s OKC feeder cattle auction saw 5,163 head sold, with sales noted $10-20 higher for feeder steers and up $5-15 for feeder heifers. Steer calves were up $20-30, with heifers up to $40 higher.
