Live cattle futures are down 70 cents to $1.55 in the front months on Tuesday, with deferred contracts higher. Due to Monday limit gains in some feeder cattle contracts, live cattle limits are expanded to $10.75 today. Cash trade has yet to get kicked off on Monday, with last week at $239-240 in the South, with Northern sales of $237-238.
Feeder cattle futures are posting $1.07 to $3.15 across most contracts led by some deferreds. Limits are expanded to $13.75 on Tuesday. The CME Feeder Cattle Index was back down $1.85 at $358.78 on September 19. Limits are expanded to $13.75 for today. The weekly OKC feeder cattle auction saw 4,420 head sold, with feeder steers steady to $5 higher, with heifers up $2-6. Calves were up $10-20 for steers and $15-25 for heifers.
