Cattle Market Trading Higher

Live cattle futures are up 20 to 55 cents so far for the Monday session. Feeder cattle futures are lower at midday, but climbing back to near UNCH. The October 1 Feeder Cattle Index from CME was 58 cents stronger to $142.96. There have been no reports of early cash trade yet this week, last week’s sales were a wide range but mostly near $107-$108. Wholesale boxed beef prices are mixed this morning, tightening the spread to $8.21. Choice boxes were $217.47, down $1.41. Select boxes were $1.65 higher to $209.26. Weekly federally inspected cattle slaughter was estimated at 665,000 head. That was up 20,000 from the same week in 2019.

Oct 20 Cattle are at $108.375, up $0.200,

Dec 20 Cattle are at $111.450, up $0.350,

Feb 21 Cattle are at $115.000, up $0.275,

Oct 20 Feeder Cattle are at $139.800, down $0.100

Nov 20 Feeder Cattle are at $139.725, down $0.150

Jan 21 Feeder Cattle are at $137.800, down $0.200

--- provided by Brugler Marketing & Management

Market Commentary provided by:

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