Cattle

Live cattle futures are currently 40 to 92.5 cents lower on Wednesday. Feeder cattle futures are showing $1.35 to $1.75 losses at midday. The CME feeder cattle index on December 4 was down 39 cents to $156.30. Wholesale boxed beef values were lower on Wednesday morning. Choice was down $2.26 at $206.82, with select $1.61 lower at $185.02. 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. The online FCE auction again showed no sales on the 653 head, as 2 offers were passed by feedlots at $117.25 and $117.50. US export trade data from October shows a record for that month at 259.996 million pounds of beef shipped. That is 13.6% larger than a year ago and 7% above September.

Dec 17 Cattle are at $116.100, down $0.325,

Feb 18 Cattle are at $119.600, down $0.925,

Apr 18 Cattle are at $121.125, down $0.400,

Jan 18 Feeder Cattle are at $146.475, down $1.350

Mar 18 Feeder Cattle are at $144.400, down $1.350

Apr 18 Feeder Cattle are at $144.650, down $1.750




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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