Live cattle futures posted modest losses of 57 cents to $1.42 at the Monday close. Cash trade has yet to be reported this week, with Monday mostly compiling showlists, as trade has been light in recent weeks. Feeder cattle futures were down $1.32 to $3.02 on Monday. The CME Feeder Cattle Index was $1.72 on September 24 to $338.79. The weekly OKC feeder cattle auction had an estimated 6,000 head for sale, with sales steady to $3 lower on feeder steers and steady on heifers. Calves were $5 to $15 lower for steers and $2-8 lower for heifers.
The Monday Crop Progress report showed the US pasture rating at 19% gd/ex, up 2% on the week. The Brugler500 index was back up 6 points to 248.
