Live cattle futures are down 50 to 85 cents in most contracts on Monday. Feeder cattle futures are down 20 to 60 cents at midday. The CME feeder cattle index was up another $1.49 @ $141.08 on July 11. Wholesale boxed beef prices were mixed on Monday morning. Choice boxes were up 68 cents at $213.48 with Select boxes 13 cents lower @ $189.47. USDA estimated week to date FI cattle slaughter at 655,000 head through Saturday. That was 5,000 head above the same week last year. USDA reported a few $182-185 sales in the beef and $113.5-115 live in the North last week, with the South showing widespread trade of $112 on Friday.
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AUG 19 Cattle are at $107.975, down $0.500, |
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OCT 19 Cattle are at $109.125, down $0.850, |
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DEC 19 Cattle are at $113.600, down $0.625, |
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AUG 19 Feeder Cattle are at $141.025, down $0.575 |
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SEP 19 Feeder Cattle are at $141.950, down $0.600 |
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OCT 19 Feeder Cattle are at $142.325, down $0.525 |
--provided by Brugler Marketing & Management
