Cattle Lower On Tuesday

Live cattle futures are showing 22.5 to 77.5 cent losses on Tuesday. Feeder cattle futures are down 12.5 cents to $2.525 on strength in corn. The CME feeder cattle index was down 30 cents to $132.76 on May 16. Wholesale boxed beef prices were lower on Tuesday morning. Choice boxes were down 33 cents at $221.12 with Select boxes $1.08 lower @ $206.95. USDA estimated Monday’s FI cattle slaughter at 120,000 head. That was down 1,000 head from last Monday and 1,000 above the same Monday last year. Cash trade ahead of the Holiday weekend has yet to get started, with Wednesday’s FCE showing 309 head will be offered for sale.

Jun 19 Cattle are at $110.575, down $0.775,

Aug 19 Cattle are at $107.825, down $0.700,

Oct 19 Cattle are at $107.950, down $0.550,

May 19 Feeder Cattle are at $134.025, down $0.125

Aug 19 Feeder Cattle are at $142.250, down $2.525

Sep 19 Feeder Cattle are at $143.550, down $2.325

--provided by Brugler Marketing & Management

Market Commentary provided by:

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