Cattle Lower on Wednesday

Live cattle futures are down 90 cents to $1.675 at midday. Feeder cattle futures are trading $1.60 to $2.22 lower in the front months. The CME feeder cattle index was up 65 cents to $132.91 on June 10. Wholesale boxed beef prices were mixed on Wednesday morning. Choice boxes were up a penny at $222.40 with Select boxes 82 cents lower @ $207.43. USDA estimated week to date FI cattle slaughter @ 243,000 head. That is 7,000 head larger than the same point last year and up 2,000 from last week. Wednesday’s FCE showed sales of $113 on 340 of the 663 head offered, all from KS.

Jun 19 Cattle are at $109.550, down $1.125,

Aug 19 Cattle are at $105.150, down $1.675,

Oct 19 Cattle are at $106.175, down $1.675,

Aug 19 Feeder Cattle are at $135.925, down $2.200

Sep 19 Feeder Cattle are at $136.575, down $2.025

Oct 19 Feeder Cattle are at $136.875, down $2.100

--provided by Brugler Marketing & Management




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