Fats Higher and Feeders Lower

Tuesday cattle futures are 2 to 45 cents higher in the front months at midday. Feeder cattle futures are trading with triple digit midday losses. The 10/2 Feeder Cattle Index from CME was 22 cents lower at $142.74. There have been no reports of cash trade yet this week, tomorrow’s FCE auction has 470 head listed so far. Wholesale boxed beef prices were down this morning. Choice boxes were $216.16, down $0.82, and Select boxes were $0.81 lower to $207.20. USDA estimates 119,000 head of cattle slaughtered on Monday. Compared to 118 for both LW and LY.

Oct 20 Cattle are at $109.100, up $0.275,

Dec 20 Cattle are at $111.875, up $0.125,

Feb 21 Cattle are at $115.250, up $0.025,

Oct 20 Feeder Cattle are at $137.775, down $2.275

Nov 20 Feeder Cattle are at $137.575, down $2.350

Jan 21 Feeder Cattle are at $136.050, down $2.075

--- provided by Brugler Marketing & Management




Market Commentary provided by:

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