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Austin Schroeder

Cattle Showing Modest Losses on Wednesday

Fed Cattle Exchange Feeder Cattle Live Cattle

Live cattle futures are down 20 to 45 cents at midday. Cash trade has been quiet early in the week. The Wednesday Fed Cattle Exchange online auction showed $226 sales on one lot of the 2,914 head offered, with other bids of $223. Feeder cattle futures are trading with 35 cent to 92 cent losses on Wednesday. The CME Feeder Cattle Index was another $2.85 higher on October 12 to $341.47.

Tuesday’s Crop Progress report showed the US pasture rating at 22% gd/ex, down 1% on the week. The Brugler500 index was steady at 257.

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