Cattle are Lower after Monday Trading

Live cattle futures are down by as much as 45 cents, with front month futures lower by 15 to 45 cents. Feeder cattle futures were mostly steady, with Jan futures showing a 12 cent loss. The 11/29 CME Feeder Cattle index was up 35 cents at $144.97. The USDA’s weekly comprehensive beef cutout value had the carcass cutout at $230.34, which was $3.72 below last week’s, with 5,648 loads, a wk/wk reduction of 1,587. Afternoon boxed beef prices for Monday were higher, but narrowed the Chc/Sel spread. Choice boxes were $0.49 higher, and select boxes were up by $2.64. Cash cattle activity was light on Monday, with the USDA reporting some 80% choice dressed sales of $187.00. USDA estimated the FI cattle slaughter to start the week with 117,000 head. They revised Saturday’s estimate to 95,000 head.

DEC 19 Cattle closed at $120.750, down $0.450,

FEB 19 Cattle closed at $125.800, down $0.400,

APR 20 Cattle closed at $126.225, down $0.150,

JAN 19 Feeder Cattle closed at $142.150, down $0.125

MAR 19 Feeder Cattle closed at $143.025, unch,

APR 19 Feeder Cattle closed at $144.975, unch,

---provided by Brugler Marketing & Management

Market Commentary provided by:

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