At the Chicago
Mercantile Exchange, live and feeder cattle futures started the week higher on
another round of technical and commercial buying. August live cattle closed $.70 higher at $100.10
and October live cattle closed $1.25 higher at $103.92. August feeder cattle
closed $1.27 higher at $136.15 and September feeder cattle closed $1.37 higher
at $137.22.
It was a quiet Monday
for direct cash cattle trade activity.
Bids and asking prices didn’t surface.
Showlists for the week are mixed, somewhat higher in Texas, higher in
Kansas, but somewhat lower in Nebraska/Colorado. Look for activity to develop over the balance
of the week.
At the Oklahoma National Stockyards, compared to last week feeder steers were $2 to $5 higher and feeder heifers were $3 to $6 higher.