Cattle Market Leaking Lower At Midday

Live cattle futures are mostly 5 to 80 cents lower. June options expire today. The 108 strike would be the closest “pin” play. Feeder cattle futures are triple digits lower, off $21.20 to $1.55 in the nearest contracts. The CME feeder cattle index was down 15 cents to $131.73 on June 5. Wholesale boxed beef prices are higher this morning. Choice boxes are up 6 cents at $222.31 with Select boxes 45 cents higher @ $207.61. USDA had FI cattle slaughter WTD at 481,000 head through Thursday. That is 2,000 head larger than the same week last year. Cash trade this week has been around $113 in the South and $114 in the North. Both are $2 lower than last week. There have also been carcass based sales @$184 in NE. The Census export data for April was released, showing US beef exports of 80,856 metric tonnes. That was 3% smaller than April 2018.

Jun 19 Cattle are at $107.575, down $0.025,

Aug 19 Cattle are at $103.950, down $0.850,

Oct 19 Cattle are at $104.975, down $0.775,

Aug 19 Feeder Cattle are at $136.800, down $2.475

Sep 19 Feeder Cattle are at $137.400, down $2.200

Oct 19 Feeder Cattle are at $137.675, down $2.075

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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