Cattle Close Lower on Monday

Live cattle futures ended the Monday session with front months 32.5 to 67.5 cents lower. Feeder cattle futures were down 52.5 cents to $1.575 in the nearby contracts. The CME Feeder Cattle Index was 59 cents lower on September 6 at $137.77. Wholesale boxed beef prices were lower on Monday afternoon. Choice boxes were down 36 cents at $226.95, with Select boxes 2 cents lower @ $201.92. USDA estimated Monday’s FI cattle slaughter @ 115,000. That is down 4,000 head from the same week a year ago.

OCT 19 Cattle closed at $94.200, down $0.675,

DEC 19 Cattle closed at $99.175, down $0.575,

FEB 19 Cattle closed at $106.075, down $0.325,

SEP 19 Feeder Cattle closed at $132.825, down $0.525

OCT 19 Feeder Cattle closed at $129.825, down $1.075

NOV 19 Feeder Cattle closed at $128.800, down $1.575

-- provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.