Live cattle futures saw $1.45 to $2.70 losses on Monday. Weakness in hogs was an influence, and 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.
--provided by Brugler Marketing & Management