Live cattle futures are slipping back, down 25 cents to $1.17 at midday. Cash trade was quiet on Monday, as trade was $222-223 live and $345 dressed action in the North last week, with some southern action near $226. Feeder cattle futures are down 25 cents to $1.20 in the front months on Tuesday. The CME Feeder Cattle Index was $1.55 higher on October 9 to $338.62. The Monday OKC feeder auction saw sales on 5,496 head, 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 higher in the Tuesday morning, with the Chc/Sel at $20.86. Choice boxes were up 98 cents to $376.54, with Select $1.55 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  are at $224.500, down $0.250,

Dec 26 Live Cattle  are at $226.200, down $0.400,

Feb 27 Live Cattle  are at $228.400, down $1.175,

Oct 26 Feeder Cattle  are at $342.275, down $1.200

Nov 26 Feeder Cattle  are at $340.175, down $0.925

Jan 27 Feeder Cattle  are at $335.500, down $0.250

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.