Live cattle futures were up $4.25 to $4.90 to close out the Tuesday session. Cash trade has yet to take place this week. Last week was $220 in the South, with some northern trade at $208-210. Feeder cattle futures rallied on Tuesday with gains of $8.40 to $8.80 in the nearbys. The CME Feeder Cattle Index was up $12.66 to $332.36 on December 1.
Updated CFTC data for the week of October 21 showed managed money in live cattle futures and options increasing their net long by 1,147 contracts to 124,901 contracts. In feeder cattle, they trimmed 797 contracts from their net long to 24,727 contracts.
