Cattle Lower to Start the Week

Live cattle futures were mostly lower on Monday. Feeder cattle futures were mixed, with front months a few ticks higher. The CME feeder cattle index was up $1.16 @ $134.37 on July 5. Wholesale boxed beef prices were lower on Monday afternoon. Choice boxes were down 21 cents at $217.46 with Select boxes 39 cents lower @ $194.41. USDA estimated Monday’s FI cattle slaughter at 120,000 head. That was even with last week and 2,000 head above the same week last year.

AUG 19 Cattle closed at $106.150, down $0.85,

OCT 19 Cattle closed at $107.400, down $0.675,

DEC 19 Cattle closed at $111.875, down $0.45,

AUG 19 Feeder Cattle closed at $138.900, up $0.075,

SEP 19 Feeder Cattle closed at $138.750, up $0.05,

OCT 19 Feeder Cattle closed at $138.875, down $0.025,

--provided by Brugler Marketing & Management

Market Commentary provided by:

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