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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.