Cattle

Live cattle futures showed weakness into the close on Tuesday, as most contracts were 15 to 87.5 cents lower with nearby Dec up a nickel. Feeder cattle futures were down sharply $1.375 to $2.125 in the front months. The CME feeder cattle index on December 4 was down 39 cents to $156.30. Wholesale boxed beef values were higher on Tuesday afternoon. Choice was up 89 cents at $209.08, with select $1.09 higher at $186.63. Estimated WTD FI slaughter was at 239,000 head through Tuesday, 1,000 above last week and 10,000 head larger than the same week last year. This week’s online FCE auction shows just 5 lots totaling 653 head of cattle for sale this morning. The past two weeks have shown no completed sales.




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

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