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Austin Schroeder

FORGOTTEN HISTORY: Cattle back to strength on tuesday | History Defined

Feeder Cattle Live Cattle

Live cattle futures are 50 to 75 cents higher so far. Cash trade was at $232-233 last week, with a few at $235. Trade has been quiet so far despite early bids near $233 on Monday. Feeder cattle futures are back up $3.65 to $4.10 at midday. The CME Feeder Cattle Index was back up $1.06 on July 31 to $346.89. The Monday OKC feeder cattle auction showed 2,662 head sold, with prices listed $5-10 higher on steers and +$5-15 on heifers. Calves were steady on steers, with heifer calves up $10-15.

NASS Crop Progress data showed the US pasture rating at 25% gd/ex, dropping 4% from the week prior. The Brugler500 index fell 11 points to 259.

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