Cattle Strengthen on Monday

Live cattle futures were up 17.5 to 27.5 cents in the front months on Monday. Feeder cattle futures closed Monday showing 32.5 cents to $1.10 higher The CME Feeder Cattle Index is down $1.27 on August 16 at $136.33. Wholesale boxed beef prices were higher on Monday afternoon. Choice boxes were up 44 cents at $239.13, with Select boxes $1.26 higher @ $214.52. The USDA estimated the weekly FI cattle slaughter for Monday was 115,000 head, the same as the previous Monday, and 2,000 head below the same week last year. Last week’s cash trade was $106-107, with a few at $107-111 in the WCB according to USDA.

AUG 19 Cattle closed at $100.200, up $0.275,

OCT 19 Cattle closed at $98.225, up $0.175,

DEC 19 Cattle closed at $103.725, up $0.200,

AUG 19 Feeder Cattle closed at $135.675, up $1.100

SEP 19 Feeder Cattle closed at $132.825, up $0.450

OCT 19 Feeder Cattle closed at $133.175, up $0.325

-- provided by Brugler Marketing & Management

Market Commentary provided by:

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