Live cattle futures are mixed on Monday, with August up 35 cents and other contracts steady to 30 cents lower. Due to the limit losses in the feeders on Friday, live cattle have expanded limits of $10.75 today. Cash trade was light last week with $245 northern action reported, steady to $2 lower wk/wk. The South was listed at $235, steady.
Feeder cattle futures are showing more steady trade on Monday, with contracts 55 to 70 cents weaker. Limits will be expanded to $13.75 on Monday. The CME Feeder Cattle Index was up another 24 cents to $337.21 on August 7. The Monday OKC feeder cattle auction has an estimated 5,600 head for sale, with early action noted as firm.
