Live cattle futures posted losses of $1.30 to $2.075 on Monday. Feeder cattle futures were $1.125 to $2.925 lower on the session. The CME feeder cattle index was down 89 cents on June 15 at $150.18. Wholesale beef prices were mixed in the Monday afternoon report, with choice boxes 38 cents lower at $249.46. Select was up $1.56, with an average of $221.36. 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 on Monday was 117,000 head, even with last week and 7,000 head more than the same week a year ago.

Jun 17 Cattle closed at $120.000, down $1.700,

Aug 17 Cattle closed at $116.100, down $2.075,

Oct 17 Cattle closed at $113.700, down $1.650,

Aug 17 Feeder Cattle closed at $145.000, down $2.875

Sep 17 Feeder Cattle closed at $144.475, down $2.875

Oct 17 Feeder Cattle closed at $142.900, down $2.925

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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