Live Cattle Futures Lower

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October live cattle is trading at 106.67, down 0.60 cents/lb. December live cattle is trading at 106.30, down 0.55 cents/lb. February live cattle is trading at 106.35, down 0.75 cents/lb. Live cattle futures are trading lower just after the open. Market chatter about Friday's USDA cattle on feed report is making the rounds. Friday's USDA estimated cattle slaughter was 107,000 head and Saturday's was 32,000 head. The total for the week was 592,000 head versus 604,000 the previous week and up 3.1 percent from a year ago. Beef production was up 1.3 percent for the week.
Posted In: FuturesCommoditiesMarketsLive cattle futures
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