Cattle Lower on Friday, But See Friendly Cattle on Feed
BRUG - Fri Aug 23, 5:09PM CDT

Live cattle futures ended Friday trading 35 cents lower in Aug and down $1.7 in Oct. Feeder cattle futures were down $1.05 to $ 3.175 in most contracts. USDA showed cattle on feed for August 1 at 11.112 million head, 0.17% larger than last year but below most estimates. Placements during July were 1.705 million, down 2.12% from 2018. Marketings were 6.89% higher than last year at 2.002 head, with one more marketing day this July. The CME Feeder Cattle Index was $1.83 cents higher on August 22 at $139.72. Wholesale boxed beef prices were lower on Friday. Choice boxes were down $1.76 at $237.52, with Select boxes $3.20 lower @ $212.71. The USDA estimated week to date FI cattle slaughter through Saturday at 654,000 head, 3,000 head more than the previous week, and 12,000 more head the same week last year. A few cash trades have been reported at $105-106 in the South, with $108-110 live in the North.

AUG 19 Cattle closed at $104.625, down $0.350,

OCT 19 Cattle closed at $99.400, down $1.700,

DEC 19 Cattle closed at $104.300, down $1.800,

AUG 19 Feeder Cattle closed at $137.350, down $1.050

SEP 19 Feeder Cattle closed at $133.250, down $3.175

OCT 19 Feeder Cattle closed at $132.525, down $2.950

--- provided by Brugler Marketing & Management

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