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Cattle Market Higher at Midday

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Live cattle futures are trading higher in the front months with Feb ’21 up the most. Feb futures are 61 cents higher at midday with the other front months 37 to 55 cents higher. June contracts are in the red by triple digits ahead of tonight’s expiration. Feeder cattle futures are also in the black at midday with gains of 30 to 91 cents. The CME Feeder Cattle index was down 36 cents to $129.68. There are no reports of cash sales yet on Tuesday. On Monday, USDA reported light cash sales activity at $95-$97 in the South, with a few dressed trades at $153. The online cattle auction site FCE has 1,814 head of cattle listed so far for tomorrow’s auction. Of the listings, 1,155 are KS and the remaining 659 are from TX and NE. Wholesale boxed beef prices were mixed this morning. Choice boxes were down by 23 cents to $208.13 cwt. Select boxes were 76 cents higher to $201.47 cwt. USDA estimated the start to the week’s cattle slaughter at 121,000 head. That is 3,000 head above both last week and last year.

Jun 20 Cattle are at $93.375, down $1.625,

Aug 20 Cattle are at $96.925, up $0.500,

Oct 20 Cattle are at $100.420, up $0.375,

Aug 20 Feeder Cattle are at $133.875, up $0.375

Sep 20 Feeder Cattle are at $134.800, up $0.525

Oct 20 Feeder Cattle are at $135.425, up $0.300

--- provided by Brugler Marketing & Management

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