Cattle Close in Black on Monday

Front month live cattle futures ended the Monday session 27 to 65 cents higher. Feeders rallied off midday losses and closed the session 5 to 50 cents higher. The 10/2 Feeder Cattle Index from CME was 22 cents lower at $142.74. There have been no reports of early cash trade yet this week, last week’s sales were mostly $107-$108. Wholesale boxed beef prices are mixed this afternoon, tightening the Choice/Select spread to $8.97. Choice boxes were $216.98, down $1.90. Select boxes were $0.40 higher to $208.01. USDA estimates 119,000 head of cattle slaughtered on Monday. Compared to 118 for both LW and LY.

Oct 20 Cattle closed at $108.825, up $0.650,

Dec 20 Cattle closed at $111.750, up $0.650,

Feb 21 Cattle closed at $115.225, up $0.500,

Oct 20 Feeder Cattle closed at $140.050, up $0.150

Nov 20 Feeder Cattle closed at $139.925, up $0.050

Jan 21 Feeder Cattle closed at $138.125, up $0.125

--- provided by Brugler Marketing & Management




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