Cattle Close Mixed

On Thursday, front month cattle futures closed 27 to 70 cents higher in the 2020 contracts. The deferred futures were down 12 to 27 cents. There were another 6 tenders against August futures yesterday, MTD deliveries are at 18 contracts. USDA noted light Thursday trading from $103 to $106. The bulk of the week’s trades have been $104-$105 in the South and mostly $104-107 in the North. Dressed sales have been mostly $165-170 so far this week. Feeder cattle futures closed down by 30 to 62 cents on Thursday. The August 11 Feeder Cattle Index from CME rebounded 20 cents to $142.62. Beef export sales from the week ending August 6 were 11,599 MT. That was down 13% wk/wk and 28% below bookings from the same week in 2019. Wholesale boxed beef prices were higher again in the PM report, widening the Chc/Sel spread to $13.54. Choice boxes were up $1.86, and Select was $1.42 higher. USDA’s estimates WTD cattle slaughter at 465k head through Thursday. That trails last year by 1,000 head.

Aug 20 Cattle closed at $107.050, up $0.700,

Oct 20 Cattle closed at $110.150, up $0.575,

Dec 20 Cattle closed at $112.825, up $0.275,

Aug 20 Feeder Cattle closed at $144.950, down $0.300

Sep 20 Feeder Cattle closed at $147.375, down $0.575

Oct 20 Feeder Cattle closed at $148.475, down $0.625

--- provided by Brugler Marketing & Management

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