Live cattle futures are showing gains on Tuesday, with contracts up $1.10 to $1.80. Cash trade was quiet on Monday, mostly compiling showlists. Last week saw northern dressed action at $385-392 and live trade at $245, with southern trade at 240. 

Feeder cattle futures are up $2.05 to $2.90 so far on Tuesday. The CME Feeder Cattle Index was up $7.84 to $357.92 on August 22. Monday’s OKC weekly feeder auction saw sales on 6,173 head at $4-10 higher for feeders, with steer calves up $10-20 and heifer calves up $8-12. 

USDA Wholesale Boxed Beef prices shot higher in the Tuesday AM report, with the Chc/Sel spread at $22.75. Choice boxes were up $6.48 at $414.97, while Select was $6.84 higher to $392.2238. USDA estimated cattle slaughter for Monday was 107,000 head. That was up 7,000 head from last week but 7,146 head lower vs. the same week in 2024.

Aug 25 Live Cattle  are at $242.000, up $1.775,

Oct 25 Live Cattle  are at $237.950, up $1.125,

Dec 25 Live Cattle  are at $239.550, up $1.500,

Aug 25 Feeder Cattle  are at $362.900, up $2.050

Sep 25 Feeder Cattle  are at $364.800, up $2.900

Oct 25 Feeder Cattle  are at $363.575, up $2.825