Live cattle futures are shrugging off early weakness, with midday gains of 50 cents to $1.27. Monday was First notice day, with no deliveries and the oldest long dated August 11, 2025. Cash trade was mainly $256-258 last week, with the early week action thus far compiling showlists.
Feeder cattle futures are holding higher, with gains of $1.70 to $1.90 in the front months. The CME Feeder Cattle Index was up another $5.63 on June 5 to $367.01. The weekly OKC feeder cattle auction has an estimated 4,540 head sold today, with the action steady to $5 higher on feeder steers to up $10, as heifers were $2-8 higher. Calves were $10-20 lower on steers and down $2-8 for heifers.
