Cattle Market Commentary

Live cattle futures posted 82 cent to $1.45 losses on Monday. Feeder cattle futures were 55 cents to $1.80 lower in the front months. The CME feeder cattle index on September 21 was up $1.05 at $157.34. Wholesale boxed beef values were higher on Monday afternoon. Choice boxes were up $1.36 to $206.16, while Select boxes were 58 cents higher at $195.39. USDA estimated FI cattle slaughter at 119,000 head on Monday. That is up 5,000 from last week and 2,000 head above the same week in 2017. Monday’s Cold Storage report indicated that frozen stocks of beef on August 31 were a monthly record 503.449 million pounds. That was 3.99% larger than the end of July and 5.64% above August 2017.




Market Commentary provided by:

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