Live cattle futures saw another round of strength on Monday, with gains of 35 cents to $2.22. There were no deliveries issued for October live cattle on Monday, with the oldest long dated August 7. Cash cattle trade last week closed in on $234-235 for much of the country, $2 higher in the South and up $4-5 in the North.
Feeder cattle futures were steady to $3.17 higher at the close. The CME Feeder Cattle Index was up another $1.08 at $369.00 on October 10. Monday’s OKC feeder cattle auction had an estimated 5,500 head for sale, with sales noted $10-20 higher for feeder steers and up $5-15 for feeder heifers. Steer calves were up $20-30, with heifers up to $40 higher.
