Cattle Market Commentary

Live cattle futures settled the day with the front months 12.5 to 67.5 cents lower and back months higher. Feeder cattle futures were up 25 to 75 cents, getting a little help from recent losses in corn. The CME feeder cattle index was down 3 cents on September 12 at $152.60. Wholesale boxed beef values were lower on Thursday afternoon. Choice boxes were down 75 cents to $204.04, while Select boxes were 3 cents lower at $197.24. USDA estimated weekly FI cattle slaughter at 476,000 head through Thursday, which is 6,000 head above the same week in 2017. Weekly export sales of beef in the week that ended on 9/6 totaled 10,825 MT. Shipments totaled 15,719 MT that week. Cash bids are being shown at $106 today, with feedlots passing on $108 in yesterday’s FCE auction.

Oct 18 Cattle closed at $110.800, down $0.675,

Dec 18 Cattle closed at $115.400, down $0.125,

Feb 19 Cattle closed at $119.900, up $0.400,

Sep 18 Feeder Cattle closed at $154.950, up $0.325

Oct 18 Feeder Cattle closed at $155.400, up $0.375

Nov 18 Feeder Cattle closed at $155.075, up $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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