Cattle Market Commentary

Live cattle futures ended Tuesday mixed, with front month Dec up a dime. Feeder cattle futures were also mixed, with nearby contracts up 17.5 to 47.5 cents and back months lower. The CME feeder cattle index was down 23 cents on November 5 at $153.32. Wholesale boxed beef prices were higher on Tuesday afternoon. Choice boxes were up 17 cents @ $218.76, with Select $2.31 higher at $204.66. USDA estimated FI cattle slaughter at 119,000 head on Tuesday, with the WTD total at 238,000 head. That is 4,000 above the previous week and the same date last year. Wednesday’s FCE online auction shows just 310 head of cattle for sale. A few bids of $180 appeared on Tuesday, with little action report so far this week.

--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.