Live cattle futures are trading $1.10 to $1.725 lower on Monday on long liquidation. Feeder cattle futures are showing losses of $3.175 to $3.30. The CME feeder cattle index was down $1.66 on June 15 at $151.07. Wholesale beef prices were higher in the Monday morning report, with choice boxes $1.07 higher at $250.91. Select was up $2.62, with an average of $222.42. Cash sales started out last week in the $132-$134 range, but ended with sales of $128-$130 later in the week. Estimated FI cattle slaughter through Saturday is 628,000 head, up 6,000 from last week and 22,000 head more than the same week a year ago.

Jun 17 Cattle are at $120.600, down $1.100,

Aug 17 Cattle are at $116.450, down $1.725,

Oct 17 Cattle are at $113.850, down $1.500,

Aug 17 Feeder Cattle are at $144.575, down $3.300

Sep 17 Feeder Cattle are at $144.025, down $3.325

Oct 17 Feeder Cattle are at $142.650, down $3.175

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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