Live cattle futures are trading with 60 cents to $1.05 gains a midday. Cash activity has seen light $230-231 in the South. Other bids are $230 in the South and $235-238 in the North. The Friday morning Fed Cattle Exchange online auction from Central Stockyards showed $237.50 sales on 325 head out of KS, with $233 TX BidTheGrid™ sales on 120 head. Feeder cattle futures are taking the Thursday losses back, up $2.45 to $2.60 at midday. The CME Feeder Cattle Index was back down $1.26 to $326.18 on July 23.
Cattle on Feed data will be released this afternoon, with June placements expected to be down 2% from a year ago and marketings seen 3.6% below June 2024. July 1 on feed inventory is estimated to be down 0.8% from last year. USDA will also release their bi-annual July Cattle Inventory after a hiatus last year.
