Cattle Market Commentary

Live cattle futures are showing mixed trade at the moment, with nearby Oct down 85 cents. Feeder cattle futures are steady to 25 cents lower in the front months and higher in the deferred contracts. The CME feeder cattle index was up 54 cents on September 11 at $152.63. Wholesale boxed beef values were mixed on Thursday morning. Choice boxes were down 81 cents to $203.98, while Select boxes were 53 cents higher at $197.80. USDA estimated weekly FI cattle slaughter at 357,000 head through Wednesday, which is 7,000 head above the same week in 2017. Weekly export sales of beef in the week that ended on 9/6 totaled 10,825 MT. Cash bids are being shown at $106 today, with feedlots passing on $108 in yesterday’s FCE auction.

Oct 18 Cattle are at $110.625, down $0.850,

Dec 18 Cattle are at $115.300, down $0.225,

Feb 19 Cattle are at $119.575, up $0.075,

Sep 18 Feeder Cattle are at $154.375, down $0.250

Oct 18 Feeder Cattle are at $154.850, down $0.175

Nov 18 Feeder Cattle are at $154.575, down $0.250




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

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