Doerun Gin Company -

Cattle Lower After Weekend

Alan Brugler - Barchart - Mon Nov 02, 5:30PM UTC

Monday cattle futures trading has prices 32 to 62 cents weaker. Front month feeder cattle futures are also in the red with $0.30 to $1.05 losses at midday. The CME Feeder Cattle Index for 10/29 was $136.76, back higher by $2.42. On Friday cash sales in NE went for $106, but the bulk of Northern trade was near $103 for the week. In the South the bulk of the cash sales that did take place was $106. USDA’s wholesale boxed beef prices were higher on Monday morning. Choice was up $0.55 to $208.65 cwt. and Select boxes were $1.04 stronger at $192.28. USDA’s estimate for the week’s cattle slaughter through Saturday was 638,000 head.

Dec 20 Cattle are at $107.675, down $0.625,

Feb 21 Cattle are at $109.825, down $0.575,

Apr 21 Cattle are at $113.125, down $0.525,

Nov 20 Feeder Cattle are at $136.350, down $1.050

Jan 21 Feeder Cattle are at $133.150, down $0.975

Mar 21 Feeder Cattle are at $132.850, down $0.675

--- provided by Brugler Marketing & Management

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