Cattle Marginally Lower at Tuesday’s Midday

Live cattle futures are down 45 to 62.5 cents on Tuesday. Feeder cattle futures are 7.5 to 55 cents lower. The CME feeder cattle index was down 62 cents @ $140.46 on July 12. Wholesale boxed beef prices were higher on Tuesday morning. Choice boxes were up 64 cents at $213.91 with Select boxes $1.09 higher @ $190.30. USDA estimated week to date FI cattle slaughter at 117,000 head for Monday. That was 3,000 head below the previous week and 1,000 larger than the same week last year.

AUG 19 Cattle are at $108.050, down $0.450,

OCT 19 Cattle are at $109.200, down $0.575,

DEC 19 Cattle are at $113.525, down $0.575,

AUG 19 Feeder Cattle are at $141.575, down $0.075

SEP 19 Feeder Cattle are at $142.200, down $0.400

OCT 19 Feeder Cattle are at $142.400, down $0.575

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.