Cattle Higher on Monday

Live cattle futures are up 60 to 77.5 cents in the front months on Monday. Feeder cattle futures are showing gains of 92.5 cents to $1.30. The CME Feeder Cattle Index $1.55 cents on August 15 at $137.60. Wholesale boxed beef prices were mixed on Monday morning. Choice boxes were down 16 cents at $238.53, with Select boxes 88 cents higher @ $214.14. The USDA estimated the weekly FI cattle slaughter at 651,000 head, 9,000 head more than the previous week, and 8000 head below the same week last year. That was even after the loss of the 5,000-6,000 hd/day capacity facility in KS. Last week’s cash trade was $106-107, with a few at $107-111 in the WCB according to USDA.

AUG 19 Cattle are at $100.700, up $0.775,

OCT 19 Cattle are at $98.650, up $0.600,

DEC 19 Cattle are at $104.250, up $0.725,

AUG 19 Feeder Cattle are at $135.875, up $1.300

SEP 19 Feeder Cattle are at $133.350, up $0.975

OCT 19 Feeder Cattle are at $133.775, up $0.925

-- provided by Brugler Marketing & Management

Market Commentary provided by:

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