Live cattle futures posted 47 cent to $1.10 gains in the nearbys at the Monday close. Cash trade was mostly steady last week, with light dressed trade at $384-386 in the North and live action at $243-245. Southern sales were picked up at $235-237.
Feeder cattle futures closed the Monday session with contracts up $2.75 to $4.35 across the front months. The CME Feeder Cattle Index was down $3.58 to $342.17 on August 15. The Monday OKC feeder cattle auction shows an estimated 5,500 head for sale, with sales listed as $2-6 higher for steers and $5-8 higher for heifers. Calves were shown up to $25 higher.
