Live cattle futures saw gains of $1.30 to $3.15 across most contracts on Friday, with October up $7.22 on the week. Cash trade fell into place later this week, with northern dressed action at $385-392 and live trade at $245. Southern trade was up $5 to 240. Feeder cattle futures were rallying on Friday, with gains of $3.97 to $4.75, ahead of the Friday afternoon Cattle on Feed report. September was up $15.32 this week. The CME Feeder Cattle Index was up $2.74 to $350.18 on August 21.
USDA’s Cattle on Feed report showed July placements 6.11% below last year at 1.598 million head. July marketings were down 5.71% from 2024 at 1.749 million head. August 1 on feed inventory was down 1.56% at 10.922 million head.
