Cattle Close Mixed on Monday

Live cattle futures posted mixed trade, with front months down 22 to 40 cents and back months 10 to 35 points. Cash trade has yet to get kicked off, as trade was $222-223 live and $345 dressed action in the North last week, with some southern action near $226. Feeder cattle futures were 30 to 85 cents lower on Monday. The CME Feeder Cattle Index was $1.55 higher on October 9 to $338.62. The Monday OKC feeder auction had an estimated 5,800 head for sale, with sales listed at steady to $3 higher on feeder steers, with lighter steers up $5-10. Heifers were $2-7 higher. Calves were $10-20 higher.

Wholesale Boxed Beef prices were mixed in the Monday afternoon report, with the Chc/Sel at $21.43. Choice boxes were up $2.21 to $375.56, with Select 17 cents lower to $354.77. USDA estimated Federally inspected cattle slaughter for Monday at 106,000 head. That was up 4,000 from the Monday prior but 2,419 head below the same week last year. 

Oct 26 Live Cattle  closed at $224.750, down $0.225,

Dec 26 Live Cattle  closed at $226.600, down $0.450,

Feb 27 Live Cattle  closed at $229.575, up $0.100,

Oct 26 Feeder Cattle  closed at $343.475, down $0.375,

Nov 26 Feeder Cattle  closed at $341.100, down $0.850,

Jan 27 Feeder Cattle  closed at $335.750, down $0.600,