Live cattle futures are showing $1.82 to $1.95 higher in most nearbys on Tuesday. Cash trade has yet to be reported this week, following the northern dressed sales at $350-355 and $222-227 live last week and Southern sales at $228. Feeder cattle futures are up $1.05 to $2.75 across the front months on Tuesday. The CME Feeder Cattle Index was back down 9 cents on October 16 to $343.54. Monday’s OKC feeder cattle auction showed 4,538 head sold, down over 1,700 head for the same week last year. Sales were $4-6 higher on heavy weight steers and steady to $4 lower on lighter weight steers. Heifers were steady to $3 higher. Calves were up $10-15.
Monday’s Crop Progress report showed the US pasture rating at 23% gd/ex, up 1% on the week. The Brugler500 index was up 6 points at 256.
