Live cattle futures posted gains of 40 cents to $1.30 cents higher. Feeder cattle futures were 35 to 62.5 cents in the green. The CME feeder cattle index was up 5 cents from the previous day at $149.02 on September 12. Wholesale beef prices were lower in the Wednesday afternoon report, with the Ch/Se spread going back positive to $1.71. Choice was down 39 cents at $190.40, as select boxes were $2.17 lower at $188.69. FI cattle slaughter was estimated at 350,000 head through Wednesday, which is 15,000 head larger than the same week in 2016. The FCE online auction showed one lot of 128 head sold at an average price of $104.75. Three other lots saw offers passedon by feedlots. Some cash market bids were floated at $103, with asking prices at $108.

Oct 17 Cattle closed at $107.550, up $1.275,

Dec 17 Cattle closed at $112.850, up $1.300,

Feb 18 Cattle closed at $116.150, up $0.900,

Sep 17 Feeder Cattle closed at $148.600, up $0.625

Oct 17 Feeder Cattle closed at $149.625, up $0.475

Nov 17 Feeder Cattle closed at $149.875, up $0.625

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.