Cattle Market Commentary

Live cattle futures are showing 32.5 to 95 cent losses in most contracts on Wednesday. Feeder cattle futures are down 70 cents to $1.15 at the moment, with down 2.5 cents ahead of next week’s expiration. The CME feeder cattle index was down 23 cents on November 5 at $153.32. Wholesale boxed beef prices were lower on Wednesday morning. Choice boxes were down 20 cents @ $218.56, with Select $1.27 lower at $203.39. 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 saw no sales on the 310 head offered.

Dec 18 Cattle are at $115.100, down $0.325,

Feb 19 Cattle are at $119.450, down $0.950,

Apr 19 Cattle are at $121.100, down $0.825,

Nov 18 Feeder Cattle are at $149.950, down $0.025

Jan 19 Feeder Cattle are at $145.650, down $0.950

Mar 19 Feeder Cattle are at $144.250, down $1.150

--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

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