Cattle Market Commentary

Live cattle futures were mixed on Friday, with front months steady to 20 cents higher and back months lower. Feeder cattle futures were steady to 5 cents in the green. The CME feeder cattle index was 67 cents higher from the previous day on 8/9, reaching $151.12. Wholesale boxed beef values were mixed on Friday afternoon. Choice boxes were up 55 cents at $206.61, while Select boxes were down 32 cents at $197.77. Weekly FI cattle slaughter was estimated at 645,000 head through Saturday. That is up 19,000 head from the previous week and 9,000 head above the same week in 2017. A few cash cattle sales of $110-111.50 live and $178-179 were reported in the North on Thursday. USDA’s projection for 2018 beef production was trimmed by 56 million pounds to 27.094 billion, with 2019 increased 30 million from July to 27.720 billion pounds.

Aug 18 Cattle closed at $108.250, unch,

Oct 18 Cattle closed at $109.250, up $0.200,

Dec 18 Cattle closed at $113.100, up $0.125,

Aug 18 Feeder Cattle closed at $149.900, up $0.550

Sep 18 Feeder Cattle closed at $149.525, up $0.500

Oct 18 Feeder Cattle closed at $149.475, up $0.275

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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