Cattle Market Commentary

Live cattle futures settled 67.5 cents lower to 47 cents higher on Thursday. 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 were shown at $106 and $168 Thursday, with feedlots passing on $108 in Wednesday’s FCE auction. Asking prices appear to be $112 and $174.




Market Commentary provided by:

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