Live cattle futures are showing gains of 42 cents to $1.37. Cash trade was quiet and mostly 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 are $3.50 to $3.90 higher so far on Tuesday. The CME Feeder Cattle Index was down $3.58 to $342.17 on August 15. The Monday OKC feeder cattle auction had an estimated 5,115 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.
