Live cattle futures saw most contracts 67.5 to 80 cents lower on Tuesday. Feeder cattle futures were up 27.5 to 42.5 cents the front months helped by losses in corn. The CME feeder cattle index was up 27 cents from the previous day at $146.75 on 7/9. Wholesale boxed beef values were mixed on Tuesday afternoon. Choice boxes were up 40 cents to $207.32, while Select boxes were 23 cents lower at $198.39. USDA estimated FI cattle slaughter through Tuesday at 239,000 head, 3,000 head more than last week and up 2,000 the same week last year. Wednesday’s FCE online auction has a total of 250 head to be offered.

Aug 18 Cattle closed at $105.450, down $0.675,

Oct 18 Cattle closed at $107.825, down $0.800,

Dec 18 Cattle closed at $112.275, down $0.675,

Aug 18 Feeder Cattle closed at $151.850, up $0.400

Sep 18 Feeder Cattle closed at $152.050, up $0.275

Oct 18 Feeder Cattle closed at $152.150, up $0.425

Market Commentary provided by:

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