Cattle Lower on Tuesday
BRUG - Tue May 14, 5:19PM CDT

Live cattle futures were down 20 to 55 cents in most contracts on Tuesday. Feeder cattle futures felt some pressure from higher corn, down 60 cents to $1.175, as May was up 95 cents. The CME feeder cattle index was down 32 cents to $135.07 on May 13. Wholesale boxed beef prices were mixed on Tuesday afternoon. Choice boxes were down $1.46 at $220.12 with Select boxes 8 cents higher @ $208.97. USDA estimated weekly FI cattle slaughter at 242,000 head through Tuesday. That was up 2,000 head from the previous week and 5,000 above the same week last year. Wednesday’s FCE online auction shows a total of 376 head of cattle for sale on the platform.

Jun 19 Cattle closed at $109.500, down $0.250,

Aug 19 Cattle closed at $106.725, down $0.200,

Oct 19 Cattle closed at $106.475, down $0.425,

May 19 Feeder Cattle closed at $136.000, up $0.950

Aug 19 Feeder Cattle closed at $142.500, down $0.600

Sep 19 Feeder Cattle closed at $143.575, down $0.725

--provided by Brugler Marketing & Management

Market Commentary provided by:

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