Cattle Close Lower on Wednesday

Live cattle futures ended the Wednesday session with most contracts $1.025 to 1.65 lower. Feeder cattle futures were down 32.5 cents to $1.30. The CME feeder cattle index was up 34 cents to $133.29 on June 11. Wholesale boxed beef prices were lower on Wednesday afternoon. Choice boxes were down 24 cents at $222.15 with Select boxes $1.52 lower @ $206.73. USDA estimated week to date FI cattle slaughter @ 364,000 head. That is 14,000 head larger than the same point last year and up 4,000 from last week. Wednesday’s FCE showed sales of $113 on 340 of the 663 head offered, all from KS.

Jun 19 Cattle closed at $109.650, down $1.025,

Aug 19 Cattle closed at $105.200, down $1.625,

Oct 19 Cattle closed at $106.375, down $1.475,

Aug 19 Feeder Cattle closed at $137.800, down $0.325

Sep 19 Feeder Cattle closed at $138.000, down $0.600

Oct 19 Feeder Cattle closed at $138.150, down $0.825

--provided by Brugler Marketing & Management

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