Cattle Still Leaking Lower on Mixed Beef Trade

Live cattle futures were mostly lower to start the week, with nearby June up a few ticks. Feeder cattle futures were down 32.5 to 82.5 cents, on weakness in live cattle and strength in corn. The CME feeder cattle index was down 30 cents to $132.76 on May 16. Wholesale boxed beef prices were mixed on Monday afternoon. Choice boxes were up $1.14 at $221.45 with Select boxes 25 cents lower @ $208.03. USDA estimated Monday’s FI cattle slaughter at 120,000 head. That was down 1,000 head from last Monday and 1,000 above the same Monday last year. Monday cash market activity was mostly compiling showlists for later in the week.

--provided by Brugler Marketing & Management




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