Cattle futures tried for gains early in yesterday’s session but quickly fell lower on Friday’s monthly Cattle on Feed report and general overall bearishness. Wonderments about trade wars continue to add uncertainty, although equity markets rebounded Monday, with reports of easing trade tensions with China.
Live Cattle futures closed an average of 89¢ lower (45¢ to $1.35 lower).
Except for 77¢ and 45¢ lower at either end of the board, Feeder Cattle futures closed an average of $1.41 lower ($1.22 to $1.95 lower).
Choice boxed beef cutout value was 56¢ lower Monday afternoon at $222.53/cwt. Select was 94¢ lower at $215.46.
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