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Thursday, July 1, 2010

DAILY FEEDER CATTLE REPORT

by WLJ

In Oklahoma City, OK, this week, feeder steers and heifers over 700 lbs. were called steady. Feeder cattle and calves under 700 lbs. were steady to $2 higher. Demand was called moderate for feeder cattle, but improved later in the day. Demand good for calves. Trade on the CME today was lower across the board. The August contract lost 27 points to settle at $112.77 while September lost 47 points to close at $112.80 and October ended 60 points lower at $112.60.