Live cattle futures are mostly $1.30 to $1.65 lower on Tuesday. Feeder cattle futures are down $1.50 to $2.275. The CME feeder cattle index was down $1.09 on May 11 at $136.12. Wholesale boxed beef values were mixed on Tuesday morning. Choice boxes were down 26 cents at $231.86, with Select boxes $1.05 higher at $210.17. FI cattle slaughter was estimated at 117,000 head on Monday. That is down 2,000 head from last week but 1,000 head larger than the same week last year. Packers appear to be starting the bidding this week around $116. Asks are much higher.

Jun 18 Cattle are at $102.925, down $1.700,

Aug 18 Cattle are at $99.950, down $1.950,

Oct 18 Cattle are at $103.450, down $1.825,

May 18 Feeder Cattle are at $133.900, down $1.500

Aug 18 Feeder Cattle are at $138.100, down $2.275

Sep 18 Feeder Cattle are at $138.750, down $2.050

Market Commentary provided by:

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