Cattle Mixed on Tuesday

Live cattle futures are showing slight gains in the front months, with deferred contracts lower. Feeder cattle futures are 70 cents to $1.125 lower in most contracts, with the exception to nearby May, up 77.5 cents. The CME feeder cattle index was down 13 to $135.39 on May 10. Wholesale boxed beef prices were mixed on Tuesday morning. Choice boxes were down 54 cents at $221.04 with Select boxes 66 cents higher @ $209.55. USDA estimated weekly FI cattle slaughter at 121,000 head for Monday. That was up 2,000 head from the previous week and 4,000 above the same week last year.

Jun 19 Cattle are at $109.800, up $0.050,

Aug 19 Cattle are at $107.125, up $0.200,

Oct 19 Cattle are at $106.950, up $0.050,

May 19 Feeder Cattle are at $135.825, up $0.775

Aug 19 Feeder Cattle are at $142.350, down $0.750

Sep 19 Feeder Cattle are at $143.600, down $0.700

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
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