Live cattle futures are steady to 92 cents across the front months at midday. Cash trade was quiet on Monday as feedlots were compiling showlists. Last week awas $228 in the North, with a few southern sales at $230. Feeder cattle futures are up 32 cents to $2.87. The CME Feeder Cattle Index was up $3.46 on October 23 to $348.55. The Monday OKC feeder cattle auction showed sales on 5,506 head, with action noted $5-15 higher for steers and lighter weight steers up $20-30.
Monday’s Crop Progress report showed the US pasture rating at 23% gd/ex, steady on the week. The Brugler500 index was up 2 points at 265.
