Cattle Market Posted Triple Digit Gains on Monday
BRUG - Tue Jun 11, 7:28AM CDT

Live cattle futures posted strong $1.80 to $2.775 gains on Monday, with August limit up. There was some rolling from June to August, with June open interest dropping 2,719 on Monday (preliminary). Feeder cattle futures were up $1.875 to $2.625 on the day. The CME feeder cattle index was up 39 cents to $132.26 on June 7. Wholesale boxed beef prices were mixed on Monday afternoon. Choice boxes were down 65 cents at $221.66 with Select boxes $1.87 higher @ $208.79. USDA estimated Monday’s FI cattle slaughter @ 121,000 head. That is 3,000 head larger than the same day last year and steady from last week.

--provided by Brugler Marketing & Management

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