Cattle Market Commentary

Live cattle futures saw 85 cent to $2.175 gains in most contracts on Wednesday. Feeder cattle futures were up $1.325 to $2.575. The CME feeder cattle index was up 54 cents on September 11 at $152.63. Wholesale boxed beef values were lower on Wednesday afternoon. Choice boxes were down $1.28 to $204.79, while Select boxes were $1.04 lower at $197.27. USDA estimated weekly FI cattle slaughter at 357,000 head through Wednesday, which is 7,000 head above the same week in 2017. The FCE online auction saw no sales on the 444 head offered, with feedlots passing on bids of $108-108.25. The WASDE report had US 2018 beef production UNCH at 27.094 billion pounds. Third quarter 2018 production was trimmed by 65 million pounds, with 4Q18 production up that same amount.




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.