Live cattle futures are posting another round of limit losses, this time to the expanded $4.50 limits in the front months. Feeder cattle futures are down $3.375 to $5.60 on Tuesday. The fire at a Garden City Tyson plant is still pressuring the futures market lower. The CME Feeder Cattle Index was down 56 cents on August 9 at $141.10. Wholesale boxed beef prices were higher again Tuesday morning. Choice boxes were up $5.45 at $224.07, with Select boxes higher $2.43 @ $200.22. USDA estimated Monday’s FI cattle slaughter at 115,000 head, down 4,000 head from the previous week and 2,000 head below the same week last year. Cash action has yet to be reported this week but is expected to be lower due to the lower kill capacity. Wednesday’s FCE auction is showing 462 head for sale.
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AUG 19 Cattle are at $100.550, down $4.500, |
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OCT 19 Cattle are at $99.250, down $4.500, |
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DEC 19 Cattle are at $103.950, down $4.500, |
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AUG 19 Feeder Cattle are at $129.675, down $4.725 |
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SEP 19 Feeder Cattle are at $128.350, down $5.600 |
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OCT 19 Feeder Cattle are at $129.125, down $4.625 |
--provided by Brugler Marketing & Management
