Cattle Mostly Lower on Monday
BRUG - Mon May 20, 12:17PM CDT

Live cattle futures are mostly lower on Monday, with nearby June up a few ticks. Feeder cattle futures continue to feel pressure from the grains, down 47.5 to 97.5 cents. The CME feeder cattle index was down 30 cents to $132.76 on May 16. Wholesale boxed beef prices were higher on Monday morning. Choice boxes were up 86 cents at $221.17 with Select boxes 89 cents higher @ $209.17. USDA estimated weekly FI cattle slaughter at 660,000 head through Saturday. That was down 11,000 head from the previous week and 8,000 below the same week last year. Cash sales were $115-117 last week. Money managers in live cattle futures and options liquidated 17,405 contracts from their CFTC net long position in the week ending May 14, leaving them still net long 87,296 contracts.

Jun 19 Cattle are at $111.350, up $0.075,

Aug 19 Cattle are at $108.800, down $0.125,

Oct 19 Cattle are at $108.775, down $0.125,

May 19 Feeder Cattle are at $134.050, down $0.475

Aug 19 Feeder Cattle are at $144.600, down $0.900

Sep 19 Feeder Cattle are at $145.725, down $0.975

--provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.