Cattle Market Commentary

Live cattle futures were down 45 cents to $1.10 in most contracts on Turnaround Tuesday. Feeder cattle futures were 70 cents to $1.10 lower on the day. The CME feeder cattle index was up 30 cents on October 8 at $158.45. USDA estimated weekly FI cattle slaughter at 232,000 head through Tuesday. That was down 6,000 head from last week and 2,000 from the same week in 2017. Wholesale boxed beef values were mixed on Tuesday afternoon. Choice boxes were down 6 cents to $202.85, while Select boxes were 91 cents higher at $192.72. US Beef exports during August were a record 287.359 million pounds. That was up 9% from last year and 2.9% larger than July.

--provided by Brugler Marketing & Management, Call (402) 289-2330




Market Commentary provided by:

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