Cattle Showing Sharp Losses Ahead of Cattle on Feed
BRUG - Fri Aug 23, 12:25PM CDT

Live cattle futures are down 37.5 cents in Aug and $2.20 lower in Oct. Feeder cattle futures are $1.40 to $4.25 lower in most contracts. The CME Feeder Cattle Index was 70 cents lower on August 21 at $137.89. Wholesale boxed beef prices were lower on Friday. Choice boxes were down $1.40 at $237.88, with Select boxes $1.89 lower @ $214.02. The USDA estimated week to date FI cattle slaughter through Thursday at 462,000 head, 1,000 head less than the previous week, and 8,000 fewer head the same week last year. Beef in Cold Storage at the end of July was at 455.102 million pounds, up 12.19% from June and still 6.02% lower than 2018. A few cash trades have been reported at $105-106 in the South, with $108-110 live in the North.

AUG 19 Cattle are at $104.600, down $0.375,

OCT 19 Cattle are at $98.900, down $2.200,

DEC 19 Cattle are at $103.825, down $2.275,

AUG 19 Feeder Cattle are at $137.000, down $1.400

SEP 19 Feeder Cattle are at $132.175, down $4.250

OCT 19 Feeder Cattle are at $131.400, down $4.075

--- provided by Brugler Marketing & Management





Market Commentary provided by:

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