Cattle Post Triple Digit Gains on Monday

Live cattle futures gained triple digits, ending Monday $1.175 to $1.30 higher. Feeder cattle futures were also higher at Monday’s close, ending the day up $1.45 to $1.825 in nearbys. The CME Feeder Cattle index was 63 cents higher on 10/11 to $144.26. Wholesale boxed beef prices were higher on Monday. Choice boxes were up $1.56 to $217.22, with Select boxes 65 cents higher to $189.33, which widened the spread to 27.89. USDA estimated FI cattle slaughter for the start of the week was 117,000 head. That is 1,000 head above last week and 2,000 larger than the same week last year.

OCT 19 Cattle closed at $110.625, up $1.175,

DEC 19 Cattle closed at $113.450, up $1.300,

FEB 20 Cattle closed at $119.275, up $1.225,

OCT 19 Feeder Cattle closed at $145.550, up $1.450

NOV 19 Feeder Cattle closed at $146.075, up $1.825

JAN 19 Feeder Cattle closed at $142.225, up $1.750

--provided by Brugler Marketing & Management

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