Cattle Market Commentary

Live cattle futures saw limit gains in October, with most other contracts triple digits higher. Feeder cattle futures were up $2.15 to $3.35 in the front months today. The CME feeder cattle index was up 11 cents on September 13 at $152.71. Wholesale boxed beef values were mixed on Friday afternoon. Choice boxes were up 23 cents to $204.27, while Select boxes were 77 cents lower at $196.47. USDA estimated weekly FI cattle slaughter at 652,000 head through Saturday, which is 6,000 head above the same week in 2017. Bids so far on Friday have reached $111 across most regions, with feedlots passing.

Oct 18 Cattle closed at $113.800, up $3.000,

Dec 18 Cattle closed at $118.050, up $2.650,

Feb 19 Cattle closed at $121.900, up $2.000,

Sep 18 Feeder Cattle closed at $157.425, up $2.475

Oct 18 Feeder Cattle closed at $158.875, up $3.475

Nov 18 Feeder Cattle closed 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

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