Cattle Market Commentary

Live cattle futures saw 85 cent to $2.175 gains in most contracts on Wednesday. Feeder cattle futures were up $1.325 to $2.575. The CME feeder cattle index was up 54 cents on September 11 at $152.63. Wholesale boxed beef values were lower on Wednesday afternoon. Choice boxes were down $1.28 to $204.79, while Select boxes were $1.04 lower at $197.27. USDA estimated FI cattle slaughter at 357,000 head through Wednesday, which is 7,000 head above the same week in 2017. This morning’s FCE online auction saw no sales on the 444 head offered, with feedlots passing on bids of $108-108.25. The quarterly beef production table in this morning’s WASDE showed 2018 Production UNCH at 27.094 billion pounds. Third quarter production was trimmed by 65 million pounds, with fourth quarter production up that same amount.

Oct 18 Cattle closed at $111.475, up $2.175,

Dec 18 Cattle closed at $115.525, up $1.600,

Feb 19 Cattle closed at $119.500, up $1.100,

Sep 18 Feeder Cattle closed at $154.625, up $2.500

Oct 18 Feeder Cattle closed at $155.025, up $2.575

Nov 18 Feeder Cattle closed at $154.825, up $2.400




Market Commentary provided by:

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