Live cattle futures finished the Wednesday session with 52.5 cents to $1.275 losses. Feeder cattle futures were down $1.65 to $2.075. The CME feeder cattle index on December 5 was down 29 cents to $156.11. Wholesale boxed beef values were sharply lower on Wednesday afternoon. Choice was down $2.68 at $206.40, with select $2.52 lower at $184.11. Estimated WTD FI slaughter was at 358,000 head through Wednesday, 1,000 above last week and 15,000 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. There were a few cash trades of $117 to $118.5 on Wednesday. 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 closed at $115.900, down $0.525,

Feb 18 Cattle closed at $119.275, down $1.250,

Apr 18 Cattle closed at $120.625, down $0.900,

Jan 18 Feeder Cattle closed at $146.025, down $1.800

Mar 18 Feeder Cattle closed at $144.100, down $1.650

Apr 18 Feeder Cattle closed at $144.375, down $2.025

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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