Live cattle futures saw weakness across the board on Monday, down $1.87 to $4.32 at the close. Cash trade was quiet on Monday, with most compiling showlists. Feeder cattle futures were lower, with losses of $1.17 to $5.37 on the day. The CME Feeder Cattle Index was down another $2.53 on August 21 to $338.47. Monday’s weekly OKC feeder cattle auction had 3,324 head sold, with sales on feeders down $4-10 on steers, with some down $15 and $2-8 lower on heifers. Imports from Mexico resumed today via the Douglas, AZ port.
NASS Crop Progress data showed the US pasture rating at 21% gd/ex, down 2 with the week prior. The Brugler500 index fell 4 points to 252.
