Cattle is Lower at Midday

Live cattle futures are down by as much as 57 cents at midday, with futures lower by 32 to 57 cents so far. Feeder cattle futures are also lower at midday, with futures showing losses ranging from 55 to 72 cents. The 11/28 CME Feeder Cattle index was up 40 cents at $145.11.. Wholesale boxed beef prices were higher, but widened the Chc/Sel spread. Choice boxes were $1.97 higher, and select boxes were up by $0.40. Cash cattle activity was firmer at $117-120 last week. USDA estimated the FI cattle slaughter total so far through the year is 30.344 million head, which was 324,000 head above last year.

DEC 19 Cattle are at $120.750, down $0.450,

FEB 19 Cattle are at $125.625, down $0.575,

APR 20 Cattle are at $126.050, down $0.325,

JAN 19 Feeder Cattle are at $141.550, down $0.725

MAR 19 Feeder Cattle are at $142.475, down $0.550

APR 19 Feeder Cattle are at $144.300, down $0.675

---provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
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