Feeder Cattle Aug '19 (GFQ19)
Feeder Cattle Futures Market News and Commentary
Live cattle futures finished mixed, with Dec and Feb down 10 to 12 cents and Apr gaining $0.22. Feeder cattle futures Rebounded after midday lows, having gained as much as 22 cents. The 11/08 CME Feeder Cattle index gained 68 cents to $146.52. Wholesale boxed beef prices finished the day with more gains. Choice boxes gained $1.91 to $240.50, in August prices topped $241 for a short time, but the last time choice boxes have been as high as $240 was 6/22/17. At Tuesday’s closing whistle select boxes had gained $2.54 for the day to finish at $216.23. Wednesday’s FCE auction will have 1393 head listed with 3/4 sourced from Nebraska. USDA estimated WTD cattle slaughter under federal inspection is 231,000 head, which matches the same week last year’s pace.
DEC 19 Cattle closed at $119.750, down $0.125,
FEB 19 Cattle closed at $125.575, down $0.100,
APR 20 Cattle closed at $127.175, up $0.225,
NOV 19 Feeder Cattle closed at $147.800, up... Read more