Live cattle futures are down 20 cents to 50 cents higher across the front months on Tuesday. There were 15 deliveries tendered on First Notice Day on Monday, with the oldest long dated September 27. Cash trade has been quiet thus far this week. Last week was $220-225 in the north, with southern action at $225-226.50.
Feeder cattle futures are mixed, with nearby contracts steady to 30 cents lower and other contracts higher. The CME Feeder Cattle Index was back down 67 cents to $343.06 on December 5. The Monday OKC feeder cattle auction saw 7,419 head sold. Sales were noted $6-10 higher on cattle over 800 lbs, with lighter calves under 800 lbs up $15-30
