Cattle Market Mixed on Monday, Feeders Hurt by Corn

Live cattle futures were mixed at Monday’s close with 90 cent gains in Oct and 22.5 cent losses for Feb. Feeder cattle futures were $0.275 to $1.30 lower. The CME Feeder Cattle Index was up 84 cents on Oct. 4 at $144.43. Wholesale boxed beef were lower on Monday widening the spread at $25.18. Choice boxes are down 87 cents to $211.09 and Select boxes $1.01 lower to $185.91. USDA estimated FI cattle slaughter for Monday at 116,000 head, up 2,000 head from last year but down 1,000 head from last Monday. Initial enthusiasm about the Japan trade deal is being tempered by the fact that the lower tariffs won't become effective until year end.

--provided by Brugler Marketing & Management

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