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Cattle Close Higher on Monday, as June Beef Stocks at 5-Year Low
BRUG - Mon Jul 22, 5:41PM CDT

Live cattle futures saw 65 to 85 cent gains in the front months on Monday, following Friday’s USDA reports. Feeder cattle futures received some additional help from corn, with the front months $2.20 to $2.625 higher. The monthly NASS Cold Storage report indicated another drop in frozen beef stocks to 394.525 million lbs on June 30. That was down another 2.62% from May and 12.05% below a year ago at a 5-year low. The CME feeder cattle index was down 49 cents @ $138.16 on July 19. Wholesale boxed beef prices were mixed on Monday afternoon with Choice boxes down a dime per cwt at $213.32 and Select boxes 8 cents higher @ $189.59. USDA estimated Monday’s FI cattle slaughter at 114,000 head, which is 3,000 head below last week and 4,000 above the same Monday last year.

AUG 19 Cattle are at $108.450, up $0.85,

OCT 19 Cattle are at $109.150, up $0.65,

DEC 19 Cattle are at $113.800, up $0.65,

AUG 19 Feeder Cattle are at $142.175, up $2.20,

SEP 19 Feeder Cattle are at $142.425, up $2.625,

OCT 19 Feeder Cattle are at $142.650, up $2.625,

--provided by Brugler Marketing & Management

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