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:

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