Cattle Futures Mixed Monday Midday

Live cattle futures are mixed at midday. Dec futures are down by 30 cents so far, while the other nearbys are seeing gains of 22 to 33 cents. Feeder cattle futures start off the week with gains, nearby contracts are $0.05 to $0.87 cents higher at midday. The 11/14 CME Feeder Cattle index was 27 cents lower at $147.12. Wholesale boxed beef was mixed in the morning report. Choice boxes were lower by $1.81, and select boxes were $2.02 higher to $216.35. The USDA estimated FI cattle slaughter total last week was 657,000 head. That was 6,000 head above the previous week’s total, and was 9,000 head more yr/yr.

DEC 19 Cattle are at $118.800, down $0.300,

FEB 19 Cattle are at $125.200, up $0.225,

APR 20 Cattle are at $126.375, up $0.300,

NOV 19 Feeder Cattle are at $146.300, up $0.050

JAN 19 Feeder Cattle are at $145.050, up $0.775

MAR 19 Feeder Cattle are at $145.100, up $0.875

--provided by Brugler Marketing & Management




Market Commentary provided by:

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