Cattle Market Commentary

Live cattle futures saw 15 to 55 cent gains in most contracts on Thursday. Feeder cattle futures were 75 cents to $1 higher, as Nov expired down 35 cents at $148.625. The CME feeder cattle index was down 45 cents on November 14 at $148.93. Wholesale boxed beef prices were higher on Thursday afternoon. Choice boxes were up 39 cents at $213.55, with the Select cutout value 40 cents higher at $197.58. USDA estimated FI cattle slaughter for Thursday was at 119,000 head, with the WTD total @ 467,000 head. That is 6,000 below the previous week and 12,000 head fewer than the same day last year. A few cash bids of $112-113 have been reported so far, but no trade has developed in the south. Some transactions at $178 have been reported in IA and NE but not enough to establish the trend.

Dec 18 Cattle closed at $115.150, up $0.550,

Feb 19 Cattle closed at $119.100, up $0.500,

Apr 19 Cattle closed at $120.950, up $0.375,

Nov 18 Feeder Cattle closed at $148.625, down $0.350

Jan 19 Feeder Cattle closed at $147.850, up $0.875

Mar 19 Feeder Cattle closed at $144.550, up $0.750

--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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