Tuesday’s Slaughter is estimated at 126,000, Unchanged from last week and 5,000 more than the same week last year.
Tuesday’s Cutout Values
Choice: 271.42, Up 1.84 from the previous day.
Select: 249.56 Down 1.53 from the previous day.
Choice/Select Spread: 21.86
5 Area Average Cattle Price
Live Steer: 141.00
Live Heifer: N/A
Dressed Steer: 222.00
Dressed Heifer: N/A
Live Cattle Technicals (August): August live cattle were able to defend our pivot pocket from 132.65-132.75 which heled prices recover some of Monday’s losses in yesterday’s session. Though encouraging, it is so far marked down as another failure against our resistance pocket from 134.40-135.10. If the Bulls can chew through this pocket with come conviction it could open the door for an extension towards the 100-day moving average, 136.65.
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