Cattle Mixed on Tuesday

Live cattle futures are mixed in the front months, with nearby Oct (now in deliveries) up 20 cents. Feeder cattle futures are up 25 to 40 cents in the nearby contracts. The CME Feeder Cattle Index was up 84 cents on Oct. 4 at $144.43. Wholesale boxed beef were higher on Tuesday, widening the spread to $26.56. Choice boxes are up $1.99 to $213.08 and Select boxes 61 cents higher at $186.52. 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. A total of 666 head are consigned for Wednesday’s FCE online auction.

OCT 19 Cattle are at $108.450, up $0.200,

DEC 19 Cattle are at $110.875, down $0.325,

FEB 20 Cattle are at $116.825, up $0.425,

OCT 19 Feeder Cattle are at $142.100, up $0.400

NOV 19 Feeder Cattle are at $141.250, up $0.325

JAN 19 Feeder Cattle are at $136.650, up $0.250

--provided by Brugler Marketing & Management

Market Commentary provided by:

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