Live cattle futures are up $3.50 to $3.72 across most contracts so far on Tuesday. Cash trade has been quiet this week, as last week picked up to $235-236 in the South and Northern trade reported at $247.
Feeder cattle futures are rallying $6.10 to 6.20 across the front months on Tuesday. The CME Feeder Cattle Index was back down 7 cents to $335.82 on August 1. The Monday OKC feeder cattle auction showed an estimated 5,926 head sold, with price action steady and heavy weight steers and heifers down $3.
