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Live Cattle Aug '19 (LEQ19)

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Live Cattle Futures Market News and Commentary

Cattle Close Mostly Higher on Tuesday

Live cattle futures settled Tuesday with most contracts 35 to 90 cents higher and the nearby contracts steady to a few ticks lower. Feeder cattle futures got some help with the weakness in corn, up 32.5 cents to $1.05. The CME feeder cattle index was down 34 cents to $133.21 on June 17. Wholesale boxed beef prices were lower on Tuesday afternoon. Choice boxes were down $1.29 at $220.53 with Select boxes 71 cents lower @ $201.80. USDA estimated the week to date FI cattle slaughter @ 240,000 head. That was 6,000 head larger than the same point last year and down 3,000 from last week. A few scattered bids of $109 have been reported so far on Tuesday. --provided by Brugler Marketing & Management
  • More in the Mix

    High Anxiety

  • Push Comes To Shove, Corn to Politics Heats UP

    Sell long Corn, take profit and walk away. Corn big mkt next year. SPU's Sell early, Recession in months.

  • Do Not Believe Everything You Read

    Cash was not well established yesterday but appeared to be fully steady to up .25 instead of down $1.00 as projected at noon. Nice rally in LC and FC futures...

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