Cattle

Live cattle futures are showing 25 cent to $1.475 gains at midday. Feeder cattle futures are up 37.5 cents to $1.575. The CME feeder cattle index was down 25 cents on May 15 at $135.67. Wholesale boxed beef values were higher on Thursday morning. Choice boxes were up $1.40 at $232.43, with Select boxes 29 cents higher at $208.79. Week to date FI cattle slaughter was estimated at 354,000 head through Wednesday. That is down 2,000 head from last week but 5,000 head larger than the same week last year. Light cash trade of $114 has been reported this morning, down from yesterday’s $115-116. Beef export sales were shown at 10,962 MT in the week of 5/10, 44.9% larger than this week last year.

Jun 18 Cattle are at $103.300, up $1.475,

Aug 18 Cattle are at $99.350, up $0.300,

Oct 18 Cattle are at $102.575, up $0.275,

May 18 Feeder Cattle are at $133.100, up $0.375

Aug 18 Feeder Cattle are at $138.300, up $1.575

Sep 18 Feeder Cattle are at $138.650, up $1.275




Market Commentary provided by:

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