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Live Cattle Feb '19 (LEG19)

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[[ timeframe ]] futures price quotes as of Tue, Dec 11th, 2018.
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Live Cattle Futures Market News and Commentary

Live cattle are up 40 to 95 cents at midday. Feeder cattle futures are posting sharp $1 to $2.35 gains on Tuesday. The CME feeder cattle index was down $1.07 on December 7 at $144.00. Wholesale beef prices were mixed on Tuesday morning, with the Ch/Se spread tightening to $12.62. Choice boxes were down 92 cents at $214.50, with the Select cutout value 94 cents higher at $201.88. USDA estimated Monday’s FI cattle slaughter at 119,000 head, even with last week and 2,000 head larger than the same Monday last year. A total of 156 head are listed for Wednesday’s FCE online auction, with both lots from KS. USDA’s quarterly meat production table showed beef production for 2018 up 25 million lbs from November to 26.939 billion, with 2019 production down the same amount to 27.785 billion lbs.Dec 18 Cattle are at $118.400, up $0.825,Feb 19 Cattle are at $122.150, up $0.950,Apr 19 Cattle are at $124.450, up $0.850,Jan 19 Feeder Cattle are at $147.375, up $2.350Mar 19 Feeder Cattle are at $144.750, up $2.000Apr 19 Feeder Cattle are at $145.100, up $1.825--provided by Brugler Marketing & Management
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