Cattle Market Still Soft Post Holiday

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 5-area cash cattle prices last week were the lowest since 2016. USDA estimated Monday’s FI cattle slaughter @ 115,000. That is down 4,000 head from the same week a year ago.

-- provided by Brugler Marketing & Management

Market Commentary provided by:

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