Cattle End in Red on Monday

Live cattle futures traded lower on Monday in a broad sell off day. Futures ended the session $0.65 to $1.25 lower. Feeders Closed the day mixed with 20 cent gains for Sept and Nov respectively. Sept futures have three trade days left before Thursday’s expiration and need to converge with the Index. The CME Feeder Cattle Index was a $1.12 premium to Sept futures, at $142.19 for September 17. USDA reported no cash sales on Monday. USDA reported wholesale boxed beef prices averaged $216.22 and $205.82 cwt. for Choice and Select boxes respectively. That was a 58 cent bump for Choice and a $1.88 gain for Select. USDA estimated FI cattle slaughter at 120k head for Monday. Slaughter from the same Monday last year was 115,000 head.

Oct 20 Cattle closed at $106.700, down $0.650,

Dec 20 Cattle closed at $110.600, down $1.250,

Feb 21 Cattle closed at $115.250, down $0.825,

Sep 20 Feeder Cattle closed at $141.075, up $0.200

Oct 20 Feeder Cattle closed at $142.250, down $0.175

Nov 20 Feeder Cattle closed at $142.725, up $0.200

--- provided by Brugler Marketing & Management

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