Live cattle futures are trading $1.40 to $1.80 lower on Thursday. Feeder cattle futures are mostly $1.30 to $1.85 in the red at the moment. The CME feeder cattle index was up 50 cents from the previous day on 8/7, reaching $150.56. Wholesale boxed beef values were slightly lower on Thursday morning. Choice boxes were down 3 cents at $205.70, while Select boxes were 50 cents higher at $198.36. Weekly FI cattle slaughter was estimated at 357,000 head through Wednesday. That is up 5,000 head from the previous week and 6,000 head above the same week in 2017. Export sales of beef in the week of 8/2 were tallied at 14,560 MT, a slight drop from the previous week. Very few cash cattle bids have been reported this morning, with some $176 dressed bids shown in the North.

Aug 18 Cattle are at $108.425, down $1.400,

Oct 18 Cattle are at $109.200, down $1.800,

Dec 18 Cattle are at $113.050, down $1.475,

Aug 18 Feeder Cattle are at $148.800, down $1.850

Sep 18 Feeder Cattle are at $148.375, down $1.375

Oct 18 Feeder Cattle are at $148.400, down $1.575

Market Commentary provided by:

Brugler Marketing & Management LLC
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