Cattle Mostly Lower on Tuesday
BRUG - Tue Jun 11, 12:19PM CDT

Live cattle futures are mixed, with contracts anywhere from 20 cents lower to 42.5 cents higher. Feeder cattle futures are trading 45 cents to $1.15 lower at midday. The CME feeder cattle index was up 39 cents to $132.26 on June 7. Wholesale boxed beef prices were mixed on Tuesday morning. Choice boxes were up 76 cents at $222.42 with Select boxes 12 cents lower @ $208.67. 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. USDA trimmed 2019 beef production by 65 million pounds to 22.204 billion, with the reduction mainly in the fourth quarter.

Jun 19 Cattle are at $110.125, up $0.425,

Aug 19 Cattle are at $106.250, down $0.050,

Oct 19 Cattle are at $107.100, down $0.050,

Aug 19 Feeder Cattle are at $138.725, down $1.100

Sep 19 Feeder Cattle are at $139.025, down $0.700

Oct 19 Feeder Cattle are at $139.050, down $0.700

--provided by Brugler Marketing & Management

Market Commentary provided by:

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