Cattle Lower at Midday

Live cattle futures are lower by 12 to 17 cents so far for Friday. Feeder cattle futures are up by as much as 52 cents at midday on cheaper feed. The 11/13 CME Feeder Cattle index was lower by $0.05 to $147.39. Wholesale beef prices were mixed, widening the Chc/Sel spread to 26.51. Choice boxes were $0.52 higher to $241.58, while select boxes had fallen by $0.77 to $215.07. The Fed Cattle Exchange reported no sales on the 1,264 head listed. The USDA estimated FI cattle slaughter weekly total was up to 467,000 as of Thursday. That is 6,000 head below the same pace a year ago and 3,000 head below last Thursday’s weekly total.

DEC 19 Cattle are at $118.900, down $0.175,

FEB 19 Cattle are at $124.800, down $0.125,

APR 20 Cattle are at $125.975, down $0.125,

NOV 19 Feeder Cattle are at $146.250, down $0.375

JAN 19 Feeder Cattle are at $144.575, up $0.525

MAR 19 Feeder Cattle are at $144.400, up $0.325

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
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