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Feeder Cattle Aug '18 (GFQ18)

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Feeder Cattle Futures Market News and Commentary

Cattle Close Mostly Lower on Monday

Live cattle futures were mostly lower to start the week, with nearby June up a few ticks. Feeder cattle futures were down 32.5 to 82.5 cents, on weakness in live cattle and strength in corn. The CME feeder cattle index was down 30 cents to $132.76 on May 16. Wholesale boxed beef prices were mixed on Monday afternoon. Choice boxes were up $1.14 at $221.45 with Select boxes 25 cents lower @ $208.03. USDA estimated Monday’s FI cattle slaughter at 120,000 head. That was down 1,000 head from last Monday and 1,000 above the same Monday last year. Cash sales were $115-117 last week, with most of Monday’s action compiling showlists for later in the week. Jun 19 Cattle closed at $111.350, up $0.075, Aug 19 Cattle closed at $108.525, down $0.400, Oct 19 Cattle closed at $108.500, down $0.400, May 19 Feeder Cattle closed at $134.150, down $0.375 Aug 19 Feeder Cattle closed at $144.775, down $0.725 Sep 19 Feeder Cattle closed at $145.875, down $0.825 --provided by Brugler Marketing & Management
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