Cattle Market Up on Monday With Wholesale Prices Mixed

Live cattle futures rebounded after midday lows, with gains as much as 90 cents. Feeder cattle futures gained triple digits with help from cheaper feed. The 11/07 CME Feeder Cattle index was down 25 cents to $145.84. UPS logistics, partnering with HerdX, have successfully sold, and shipped beef to Japan using block chain technology. Wholesale boxed beef prices were mixed. Choice boxes were down on Monday by 53 cents to $238.59. Select boxes gained 43 cents on the day to finish at $213.69. USDA estimated FI cattle slaughter is 112,000 head for this Veterans Day, last week’s total was estimated at 651,000 head.

--provided by Brugler Marketing & Management




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