Cattle Mostly Higher at Midday

Live cattle futures are a tick to 80 cents higher in most contracts, with nearby June down a dime. Feeder cattle futures are supported by weakness in corn, up 77.5 cents to $1.475 at midday. The CME feeder cattle index was down 70 cents to $133.55 on June 14. Wholesale boxed beef prices were mixed on Tuesday morning. Choice boxes were down 3 cents at $221.79 with Select boxes 49 cents higher @ $203.00. USDA estimated Monday’s FI cattle slaughter @ 120,000 head. That was 14,000 head larger than the same point last year and down 1,000 from last week. A few scattered bids of $109 have been reported so far on Tuesday.

Jun 19 Cattle are at $109.350, down $0.100,

Aug 19 Cattle are at $105.650, up $0.025,

Oct 19 Cattle are at $107.075, up $0.375,

Aug 19 Feeder Cattle are at $137.700, up $0.775

Sep 19 Feeder Cattle are at $138.050, up $0.875

Oct 19 Feeder Cattle are at $138.275, up $1.125

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.