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:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.