Cattle Market Commentary

Live cattle futures saw 10 to 80 cent losses in most contracts on Wednesday, with nearby Dec up 67.5 cents. Feeder cattle futures were steady to $1.30 lower on the day. The CME feeder cattle index was down 44 cents on November 6 at $152.88. Wholesale boxed beef prices were lower on Wednesday afternoon. Choice boxes were down 54 cents @ $218.22, with Select $2.89 lower at $201.77. USDA again estimated FI cattle slaughter at 119,000 head on Wednesday, with the WTD total at 357,000 head. That is 5,000 above the previous week and the same date last year. Wednesday’s FCE online auction saw no sales on the 310 head offered. Most regions are still fairly quiet so far this week, with asks around $118 and $180 bids.

Dec 18 Cattle closed at $116.100, up $0.675,

Feb 19 Cattle closed at $119.600, down $0.800,

Apr 19 Cattle closed at $121.325, down $0.600,

Nov 18 Feeder Cattle closed at $149.925, down $0.050

Jan 19 Feeder Cattle closed at $145.825, down $0.775

Mar 19 Feeder Cattle closed at $144.175, down $1.225

--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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