Live cattle futures were mixed on Monday, with front months down a nickel to 32 cents and other contracts up 5 to 30 cents. Open interest was down 1,843 contracts on Monday, suggesting some short covering. USDA reported northern dressed sales at $350-355 and $222-227 live. Southern sales were reported at $228. Feeder cattle futures were 80 cents to $2.02 higher on the session. Open interest was up 416 contracts. The CME Feeder Cattle Index was back down 9 cents on October 16 to $343.54.
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.
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