Live cattle futures ended the Tuesday session with most contracts 35 cents to $1.325 lower. Feeder cattle futures were down a nickel to 50 cents. The CME feeder cattle index was down 4 cents from the previous day at $148.97 on September 11. Wholesale beef prices were mixed in the Tuesday afternoon report, with the Ch/Se spread flipping to the negative side. Select is now showing a 7 cent premium giving feeders little incentive to finish longer than needed. Choice was down 77 cents at $190.79, as select boxes were 48 cents higher at $190.86. FI cattle slaughter was estimated at 233,000 head through Tuesday, which is 10,000 head larger than the same week in 2016. Wednesday’s FCE online auction will show 1,063 head for sale, with a majority from KS. In this morning’s USDA supply and demand table, beef production for 2017 was lowered 140 million pounds to 26.559 billion pounds.

Oct 17 Cattle closed at $106.275, down $0.925,

Dec 17 Cattle closed at $111.550, down $1.325,

Feb 18 Cattle closed at $115.250, down $1.300,

Sep 17 Feeder Cattle closed at $147.975, down $0.475

Oct 17 Feeder Cattle closed at $149.150, down $0.200

Nov 17 Feeder Cattle closed at $149.250, down $0.050

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.