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Austin Schroeder

RARE PHOTOS: Cattle looking for support as cash starts weaker | Vintage Vibes

Live Cattle Feeder Cattle USDA

Live cattle futures were down 72 cents to $2.65 lower across most contracts on Tuesday. Open interest was up 3,812 contracts suggesting new selling interest. Cash trade picked up a few sales at $218 on Tuesday, down $7-8 from last week, with a few dressed sales of $345 in the north. Feeder cattle futures were down $4.70 to $5.65 across most contracts, with nearby August up 15 cents. OI was up 1,571 contracts. The CME Feeder Cattle Index was down another $3.01 on August 24 to $335.46. 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 on Monday via the Douglas, AZ port. On Monday, USDA announce they will open a second port crossing in 30 days.

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.

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