Cattle Market Lower on Thursday

August fats are 30 cents stronger at midday, but the other front months are down 12 to 57 cents. Feeder cattle futures are the opposite with losses for August and gains in the other front months. The August 4 CME Feeder Cattle index was $140.60, 10 cents higher on the day. Sales outside of the FCE were reported at $99-$100 in TX. There were also bids of $160-$162 for northern cattle trade in the beef. Beef export sales with data from USDA’s weekly report were just 13,400 MT. That was down 55% wk/wk and 40% below the same week last year. Mexico purchased 1,700 MT of beef for delivery during 2021. The week’s shipments were 3.4% below the same week last year, with destinations primarily South Korea and Japan. Wholesale boxed beef prices were stronger in the AM update. Choice was up $1.18 to $204.75 cwt. And Select boxes were $191.99 after a $1.17 bump. The WTD cattle slaughter under federal inspection was estimated at 346,000 head through Wednesday. That is down 9,000 wk/wk and 15,000 head from last year.

Aug 20 Cattle are at $102.600, up $0.300,

Oct 20 Cattle are at $107.325, down $0.125,

Dec 20 Cattle are at $111.200, down $0.450,

Aug 20 Feeder Cattle are at $144.150, down $0.650

Sep 20 Feeder Cattle are at $146.675, up $0.200

Oct 20 Feeder Cattle are at $147.675, up $0.375

--- provided by Brugler Marketing & Management




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