Live cattle futures closed on Monday with 40 cent losses in the Dec futures, while other nearby futures gained as much as 30 cents on the day. Feeder cattle futures made bounce back on Monday, up 12 to 50 cents after the closing bell. The 11/15 CME Feeder Cattle index was lower by 43 cents to 146.69. Afternoon boxed beef tightened the Chc/Sel spread to 23.53. Choice boxes were lower by $1.68, to $239.12. On the other hand, select boxes rose $1.26 higher to $215.59. The USDA estimated FI cattle slaughter to be 118,000 head on the day. Last week’s total was estimated at 657,000 head.
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DEC 19 Cattle closed at $118.700, down $0.400, |
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FEB 19 Cattle closed at $125.100, up $0.125, |
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APR 20 Cattle closed at $126.375, up $0.300, |
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NOV 19 Feeder Cattle closed at $146.375, up $0.125 |
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JAN 19 Feeder Cattle closed at $144.475, up $0.200 |
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MAR 19 Feeder Cattle closed at $144.725, up $0.500 |
--provided by Brugler Marketing & Management
