Cattle Complex Mostly Lower
Related Stocks
 LEJ24 - Live Cattle
SymLastChgPct
LEJ24185.000s+1.400+0.76%
LEQ24178.200s+1.525+0.86%
GFJ24247.125s+0.250+0.10%
GFK24248.700s+0.425+0.17%

Live cattle futures are trading with midday losses of 12 to 40 cents, save for June fats which are 37 cents in the black. Cash cattle sales for the week so far have been $119 to $120.25. Dressed trade has been mostly $191. Feeder cattle futures are also lower with losses of 5 cents to 35 cents so far. August feeders, however, are up by a dime. The CME Feeder Cattle Index for May 12th was another 44 cents stronger to $131.01.   

The USDA quoted Wholesale Boxed Beef prices lower on Friday morning, reflecting a 64 cent drop in Choice and a $2.97 drop in Select. USDA estimated FI cattle slaughter at 466,000 head through Thursday. That compares to 470,000 head through Thursday last week, but due to shutdowns last year’s pace was 372,000 head.   

Jun 21 Cattle  are at $115.975, up $0.375,

Oct 21 Cattle  are at $123.800, down $0.250,

May 21 Feeder Cattle  are at $137.200, down $0.250

Aug 21 Feeder Cattle  are at $150.600, up $0.100




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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