Live Cattle Mixed After the Weekend

Live cattle futures are up anywhere from a tick to 85 cents Monday, with Feeder cattle futures down $0.17 to $0.80. The CME Feeder Cattle Index was up 68 cents on Oct. 3 at $143.60. So far on Monday, wholesale boxed beef prices are lower. Choice boxes are down 68 cents to $211.28, with Select boxes $0.32 lower to $186.60. USDA weekly FI slaughter was estimated at 639,000 head last week including Saturday, up 1,000 head from year ago. Sales in the South gravitated towards $107 on Friday, with $4.00 gains on the week. There were a few dressed sales of $170 in NE, with live trade reported at $107-109 by USDA. The Commitment of Traders report on Friday afternoon showed managed money had flipped their position from net short to net long 5,887 contracts in cattle futures by Tuesday evening.

OCT 19 Cattle are at $108.200, up $0.850,

DEC 19 Cattle are at $111.250, up $0.475,

FEB 20 Cattle are at $116.650, up $0.025,

OCT 19 Feeder Cattle are at $141.800, down $0.175

NOV 19 Feeder Cattle are at $141.175, down $0.200

JAN 19 Feeder Cattle are at $136.900, down $0.800

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
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