Cattle Market Lower Up Front, Higher in 2020 Contracts

Live cattle futures ended the Tuesday session with the front months 7.5 to 35 cents lower, as deferred contracts were up 20 to 35 cents. Feeder cattle futures were up 15 to 35 cents in the nearby contracts. The CME Feeder Cattle Index was up 84 cents on Oct. 4 at $144.43. Wholesale boxed beef were sharply higher on Tuesday, widening the spread to $26.54. Choice boxes were up $2.51 to $213.60 and Select boxes $1.15 higher at $187.06. USDA estimated FI cattle slaughter WTD through Tuesday at 233,000 head, down 1,000 head from last year a week ago. A total of 666 head are consigned for Wednesday’s FCE online auction.

--provided by Brugler Marketing & Management

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