Live cattle futures closed the Tuesday session with contracts $2.37 to $4.50 gains across most contracts at the close. Cash trade saw light action last week with sales ranging from 218-220, with a few up to $222. Feeder cattle futures rounded out the Tuesday session with contracts $4.05 to $5.72 higher. The CME Feeder Cattle Index was back down 60 cents on September 7 to $326.98.

Tuesday’s Crop Progress report showed the US pasture rating at 18% gd/ex, unchanged on the week prior. The Brugler500 index fell 2 points to 243.

Wholesale Boxed Beef prices were mixed in the Tuesday afternoon report, with the Chc/Sel widening to $22.18. Choice boxes were up $1.40 at $377.57, with Select 48 cents lower to $355.39. USDA estimated the Tuesday Federally inspected cattle slaughter at 109,000 head.

Oct 26 Live Cattle  closed at $217.025, up $4.075,

Dec 26 Live Cattle  closed at $219.225, up $4.500,

Feb 27 Live Cattle  closed at $220.450, up $3.875,

Sep 26 Feeder Cattle  closed at $328.875, up $4.050,

Oct 26 Feeder Cattle  closed at $325.450, up $5.300,

Nov 26 Feeder Cattle  closed at $320.450, up $5.725,