Live cattle futures are holding near steady on Tuesday, with the front months $1.12 higher to 90 cents lower. Cash trade started a little early this week, falling $5-9 in NE to $230 on Monday. Tuesday bids are showing up at $228-230. Both live cattle ($10.75) and feeder cattle ($13.75) have another round of expanded limits on Tuesday after using them on Monday.
Feeder cattle futures are falling $2.22 to $7.05 in the nearbys, with contracts January and beyond down $11.57 to near the $13.75 limit. The CME Feeder Cattle Index was back up 47 cents at $367.55 on October 24. The weekly OKC feeder cattle auction had 3,555 head sold, with price action down $30-40 for feeders and calves down $40-50.
