Live cattle futures are down 57.5 to 77.5 cents in the front months. Feeder cattle futures are down 87.5 to $1.15. The CME feeder cattle index was down 76 cents on June 9 at $154.15. Wholesale beef prices were mixed in the Tuesday morning report, with choice boxes down 70 cents at $251.82. Select was up $1.83, with an average of $223.30. Cash trade on Monday was light with a few sales around $132. Showlists for tomorrow’s FCE auction are only showing 1,041 head on 9 lots. Estimated FI cattle slaughter on Monday was 117,000 head, up 1,000 from last week and +7,000 head from the same week a year ago. The protocol to export US beef to China was finalized on Monday.

Jun 17 Cattle are at $127.575, down $0.775,

Aug 17 Cattle are at $120.975, down $0.575,

Oct 17 Cattle are at $117.500, down $0.700,

Aug 17 Feeder Cattle are at $150.400, down $1.150

Sep 17 Feeder Cattle are at $150.250, down $0.975

Oct 17 Feeder Cattle are at $148.925, down $0.875

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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