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Headlines
- Live cattle futures varied on Tuesday, with front months declining by 60 to 87 cents, while back months saw gains of 27 to 52 cents.
- Feeder cattle futures experienced mostly positive movement, with increases ranging from 15 to 75 cents, except for March '25, which saw a slight decrease.
- The CME Feeder Cattle Index fell to $242.99 on September 9, with the latest auction seeing mixed results in feeder steer and calf prices.
On Tuesday, the cattle market exhibited mixed trends. Live cattle futures for the front months decreased by 60 to 87 cents, while the back months showed an increase of 27 to 52 cents. Cash trade has not yet begun this week. Last week’s trading was slow, with the South initiating at $181, a drop of $2 from the previous week. Northern transactions were sparse, with USDA reporting prices between $180 and $183.
Feeder cattle futures generally moved upward on Tuesday, with contract prices increasing by 15 to 75 cents. March ‘25 futures were the exception, experiencing a slight decline. The CME Feeder Cattle Index decreased by 93 cents to $242.99 as of September 9. The weekly OKC Feeder Cattle Auction held on Monday recorded sales of 10,154 head, surpassing the previous auction’s figures but falling short of last year’s total of 10,556. Prices for feeder steers dropped by $1 to $5, and steer and heifer calves saw a decline of $5 to $10.
