Live cattle futures are rallying as cash trade picks up, with futures up 97 cents to $1.20 at midday. USDA reported a few dressed northern sales at $345-355 in the north. The Friday morning Fed Cattle Exchange online auction showed sales of $228-228.50 on 571 of the 2,596 head offered, with a few $224-228.50 bids. Feeder cattle futures are trading with midday gains of a nickel to 55 cents so far. The CME Feeder Cattle Index was another $1.22 higher on October 14 to $342.64.
USDA Export Sales data showed 19,766 MT of beef sold in the week ending on 10/8 for 2026. Shipments were 12,872 MT in that week a 14-week high.