Cattle Market Commentary

Live cattle futures are mixed on Tuesday, with Dec up a quarter. Feeder cattle futures are mostly 40 to 65 points higher. The CME feeder cattle index was down 34 cents on November 2 at $153.55. Wholesale boxed beef prices were higher on Tuesday morning. Choice boxes were up 57 cents @ $219.16, with Select $3.20 higher at $205.55. USDA estimated FI cattle slaughter at 119,000 head on Monday. That is 2,000 above the previous week and the same date last year. Wednesday’s FCE online auction shows just 310 head of cattle for sale.

Dec 18 Cattle are at $115.575, up $0.250,

Feb 19 Cattle are at $120.700, up $0.050,

Apr 19 Cattle are at $122.225, down $0.075,

Nov 18 Feeder Cattle are at $150.150, up $0.650

Jan 19 Feeder Cattle are at $147.050, up $0.625

Mar 19 Feeder Cattle are at $145.825, up $0.400

--provided by Brugler Marketing & Management




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

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.