Live cattle futures saw losses of $1.50 to $1.65 in the front months on Tuesday. Feeder cattle futures were $1.58 to $2 lower. The CME feeder cattle index was down 20 cents on May 14 at $135.92. Wholesale boxed beef values were mixed on Tuesday afternoon. Choice boxes were down 48 cents at $231.64, with Select boxes 39 cents higher at $209.51. FI cattle slaughter was estimated at 236,000 head through Tuesday. That is down 2,000 head from last week but 3,000 head larger than the same week last year. A few early cash trades at $117 were reported across the Plains on Tuesday.

Jun 18 Cattle closed at $102.975, down $1.650,

Aug 18 Cattle closed at $100.400, down $1.500,

Oct 18 Cattle closed at $103.750, down $1.525,

May 18 Feeder Cattle closed at $133.550, down $1.850

Aug 18 Feeder Cattle closed at $138.450, down $1.925

Sep 18 Feeder Cattle closed at $138.950, down $1.850

Market Commentary provided by:

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