Live cattle futures settled with nearby contracts mixed and back months higher on Monday. Feeder cattle futures were mostly 57.5 cents to $1.075 higher. The CME feeder cattle index was up 75 cents from the previous day at $149.01 on September 8. Wholesale beef prices were mixed in the Monday afternoon report, with the Ch/Se spread narrowing to $1.18. Choice was down 32 cents at $191.56, as select boxes were 41 cents higher at $190.38. FI cattle slaughter was estimated at 116,000 head on Monday, which is 5,000 head larger than the same week in 2016. Cash trade was mostly around $105 last week; steady with the prior week and below the nearby futures. Activity on Monday consisted of gathering show lists.

Market Commentary provided by:

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