Cattle Market Closed Mixed on Tuesday

Fat cattle futures ended the Tuesday session with gains through the Feb contracts. The deferred months were 15 to 25 cents weaker. There were 9 deliveries issued against October futures on First Notice Day yesterday. Feeder cattle futures closed the Tuesday session with triple digit losses of at least $1.92. The 10/05 Feeder Cattle Index from CME was 36 cents higher at $143.10. There was some light $107 trade reported in the WCB, but not enough to establish a trend for this week’s sales. Tomorrow’s FCE auction showlist has 470 head. Wholesale boxed beef prices were weaker on Tuesday. Choice boxes were $216.24, down $0.74, and Select boxes were down by $1.17. USDA estimates Tuesday cattle slaughter under federal inspection at 120,000. The week’s slaughter is estimated at 236,000 head, which is even with last year’s pace.

Oct 20 Cattle closed at $109.200, up $0.375,

Dec 20 Cattle closed at $111.950, up $0.200,

Feb 21 Cattle closed at $115.350, up $0.125,

Oct 20 Feeder Cattle closed at $138.125, down $1.925

Nov 20 Feeder Cattle closed at $137.525, down $2.400

Jan 21 Feeder Cattle closed at $136.150, down $1.975

--- provided by Brugler Marketing & Management

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