Cattle Lower to Start the Week
BRUG - Mon May 13, 12:11PM CDT

Live cattle futures are down $1.15 to $2.25 at midday. Feeder cattle futures are $1.05 to $2.975 lower on Monday. The CME feeder cattle index was down 32 to $135.52 on May 9. Wholesale boxed beef prices were higher on Monday morning. Choice boxes were up 69 cents at $221.80 with Select boxes 96 cents higher @ $208.42. USDA estimated weekly FI cattle slaughter at 664,000 head. That was down 6,000 head from the previous week and 9,000 above the same week last year. CFTC data showed managed money dropping their net long position in live cattle futures and options by 24,881 contracts in a week to 104,701 contracts. The two-week drop of 49,849 contracts is the largest on record.

Jun 19 Cattle are at $110.275, down $2.175,

Aug 19 Cattle are at $107.275, down $1.625,

Oct 19 Cattle are at $107.300, down $1.725,

May 19 Feeder Cattle are at $135.275, down $2.350

Aug 19 Feeder Cattle are at $143.950, down $2.875

Sep 19 Feeder Cattle are at $145.100, down $2.675

--provided by Brugler Marketing & Management

Market Commentary provided by:

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