Cattle Market Commentary

Live cattle futures are up 15 to 55 cents at midday. Feeder cattle futures are mostly higher, with expiring Nov down 27.5 cents. The CME feeder cattle index was down 51 cents on November 13 at $149.38. Wholesale boxed beef prices were higher on Thursday morning. Choice boxes were up 21 cents at $213.37, with the Select cutout value $1.27 higher at $198.45. USDA estimated FI cattle slaughter at 118,000 head for Wednesday, bringing the WTD total to 348,000 head. That was 9,000 below the previous week and 9,000 head fewer than the same day last year. A few bids of $112-113 have been reported so far this morning, but no trade has developed.

Dec 18 Cattle are at $115.125, up $0.525,

Feb 19 Cattle are at $119.025, up $0.425,

Apr 19 Cattle are at $120.975, up $0.400,

Nov 18 Feeder Cattle are at $148.700, down $0.275

Jan 19 Feeder Cattle are at $147.600, up $0.625

Mar 19 Feeder Cattle are at $144.500, up $0.700

--provided by Brugler Marketing & Management

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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