Cattle Post Losses on Monday

Live cattle futures saw $1.45 to $2.70 losses on Monday. Weakness in hogs was an influence, and the new Chinese tariffs were also added to beef and chicken. Feeder cattle futures were down $2.55 to $3.725 on the day. The CME feeder cattle index was down 13 to $135.39 on May 10. Wholesale boxed beef prices were higher on Monday afternoon. Choice boxes were up 47 cents at $221.58 with Select boxes $1.43 higher @ $208.89. USDA estimated weekly FI cattle slaughter at 121,000 head for Monday. That was up 2,000 head from the previous week and 4,000 above the same week last year.

Jun 19 Cattle closed at $109.750, down $2.700,

Aug 19 Cattle closed at $106.925, down $1.975,

Oct 19 Cattle closed at $106.900, down $2.125,

May 19 Feeder Cattle closed at $135.050, down $2.575

Aug 19 Feeder Cattle closed at $143.100, down $3.725

Sep 19 Feeder Cattle closed at $144.300, down $3.475

--provided by Brugler Marketing & Management




Market Commentary provided by:

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