Live Cattle up Feeders down

Live cattle futures were up by 15 to 47 cents in the front months, while feeder cattle futures were lower by 35 to 75 cents. The Cargill plant in Dodge City is back online today after an explosion left them shutdown late last week. China has lifted the 20-year ban on British beef, the two countries have finalized a 5 year trade deal worth over £230 million. Cash cattle traded at $107-109 Friday, and $173-175 in the meat. The 10/18 CME Feeder Cattle index saw another 37 cent increase, and is up to $145.96. Wholesale boxed beef prices are higher after Monday, but the Chc/Sel spread was widened to 25.69. Choice boxes finished Monday $2.09 higher to $220.13, while Select boxes increased $1.40 to $194.44. USDA estimated FI cattle slaughter for Monday was 118,000 head, up 1,000 head from last week and even with the same Monday last year.

OCT 19 Cattle closed at $110.950, up $0.475,

DEC 19 Cattle closed at $113.875, up $0.25,

FEB 20 Cattle closed at $119.225, up $0.15,

OCT 19 Feeder Cattle closed at $143.425, down $0.75,

NOV 19 Feeder Cattle closed at $142.850, unch,

JAN 19 Feeder Cattle closed at $139.100, down $0.35,

--provided by Brugler Marketing & Management

Market Commentary provided by:

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