Cattle Lower on Tuesday

Live cattle futures settled Tuesday with most contracts 25 to 55 cents lower. Feeder cattle futures were also lower, down 60 to 75 cents in the front months. The CME feeder cattle index was up 70 cents @ $141.16 on July 15. Wholesale boxed beef prices were lower on Tuesday afternoon. Choice boxes were down 34 cents at $212.93 with Select boxes a nickel lower @ $189.16. USDA estimated week to date FI cattle slaughter at 238,000 head through Tuesday. That was 3,000 head below the previous week but 2,000 larger than the same week last year.

AUG 19 Cattle closed at $108.225, down $0.275,

OCT 19 Cattle closed at $109.250, down $0.525,

DEC 19 Cattle closed at $113.725, down $0.375,

AUG 19 Feeder Cattle closed at $141.050, down $0.600

SEP 19 Feeder Cattle closed at $141.875, down $0.725

OCT 19 Feeder Cattle closed at $142.225, down $0.750

--provided by Brugler Marketing & Management

Market Commentary provided by:

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