Live cattle futures are mixed, with nearbys up a tick to a nickel lower. Cash trade was reported at $350-355 dressed in the North with a few $224 live bids in the South. The Thursday Fed Cattle exchange online auction showed no sales on the 1,514 head offered with $220-220.50 bids. Feeder cattle futures are down 50 cents to $1.55. The CME Feeder Cattle Index was up 43 cents on September 16 to $343.17.

USDA will release their monthly cattle on feed report at 2pm CDT this afternoon, with August Placements seen 3.3% lower and marketings down 4%. September 1 cattle on feed inventory is estimated to be up 1.7% from a year ago.

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Wholesale Boxed Beef prices were mixed in the Friday AM report, with the Chc/Sel at $17.63. Choice boxes were down another 82 cents at $371.33, with Select $1.82 higher to $353.70. USDA estimated Federally inspected cattle slaughter for Thursday at 107,000 head, taking the weekly total to 420,000. That is well above the previous week due to the holiday but 43,870 head below the same week last year.

Oct 26 Live Cattle are at $215.675, up $0.025,

Dec 26 Live Cattle are at $216.275, up $0.025,

Feb 27 Live Cattle are at $217.225, down $0.050,

Sep 26 Feeder Cattle are at $333.275, down $1.550

Oct 26 Feeder Cattle are at $323.450, down $0.925

Nov 26 Feeder Cattle are at $318.150, down $0.500

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.