Cattle Showing Gains at Midday

Live cattle futures are up $1.275 to $2.10 at on Tuesday. Feeder cattle futures are getting some help from the higher fats and losses in corn, with contracts $3.275 to $3.80 in the green. The CME feeder cattle index was up $1.16 @ $134.37 on July 5. Wholesale boxed beef prices were sharply lower on Tuesday morning. Choice boxes were down $2.81 at $214.65 with Select boxes $1.90 lower @ $192.51. 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 are at $108.250, up $2.100,

OCT 19 Cattle are at $109.250, up $1.850,

DEC 19 Cattle are at $113.650, up $1.775,

AUG 19 Feeder Cattle are at $142.650, up $3.750

SEP 19 Feeder Cattle are at $142.525, up $3.775

OCT 19 Feeder Cattle are at $142.550, up $3.675

--provided by Brugler Marketing & Management

Market Commentary provided by:

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