Live cattle futures closed the Monday session with 47 cent to $1.10 gains in the nearbys. Cash trade was quiet and mosy compiling showlists on Monday. Last week was mostly steady, with light dressed trade at $384-386 in the North and live action at $243-245. Southern sales were picked up at $235-237.
Feeder cattle futures settled Monday with contracts up $2.75 to $4.35 across the front months. The CME Feeder Cattle Index was down $3.58 to $342.17 on August 15. The Monday OKC feeder cattle auction shows an estimated 5,500 head for sale, with sales listed as $2-6 higher for steers and $5-8 higher for heifers. Calves were shown up to $25 higher.
