Live cattle futures are showing 65 cent to $1.45 losses on the day. Last week’s cash trade was mostly $220-222 late across the country. Nothing has been reported for this week. Feeder cattle futures are trading with $1.10 to $2 losses at midday. The CME Feeder Cattle Index was down another $3.49 on August 28 to $329.31. The Monday OKC feeder cattle auction had 3,589 head for sale, with sales on feeders steers listed as steady and heifers steady to $5 lower. Calves were seen $8-15 lower.
Monday’s Crop Progress report showed the US pasture rating at 18% gd/ex, down 3 with the week prior. The Brugler500 index fell 7 points to 245.
