Cattle Market Commentary

Live cattle futures are flirting with limit up on chart based buying. Feeder cattle futures are $1.85 to $3.75 higher on the gains in the fats. The CME feeder cattle index was down 3 cents on September 12 at $152.60. Wholesale boxed beef values were mixed on Friday morning. Choice boxes were down 16 cents to $203.88, while Select boxes were 3 cents higher at $197.27. 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. There has been little to no cash cattle trade. Asking prices appear to be $111 and $174.

Oct 18 Cattle are at $113.750, up $2.950,

Dec 18 Cattle are at $117.900, up $2.500,

Feb 19 Cattle are at $121.950, up $2.050,

Sep 18 Feeder Cattle are at $157.450, up $2.500

Oct 18 Feeder Cattle are at $158.950, up $3.550

Nov 18 Feeder Cattle are at $158.425, up $3.350




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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