
Live cattle futures are rallying $1.00 to $1.50 higher on Friday. A few Friday Southern bids have been reported at $240, with Northern bids of $236-237. The Friday morning Fed Cattle Exchange online auction from Central Stockyards saw $239-241 BidTheGrid™ sales on 183 of the 1,250 head offered, with other bids at $240. Feeder cattle futures are posting gains of $1 to $3.85 so far on Friday. The CME Feeder Cattle Index was back up $1.26 at $362.62 on September 17.
USDA will release their Cattle on Feed report this afternoon, with August Placements seen down 9% and markets expected to be 12.8% below last year. September 1 on feed data is estimated down 0.9% vs. 2024.