Cattle Market Mostly Higher But Awaits Cash Direction

Live cattle futures ended Monday with 40 cent losses in the Dec futures, while other futures gained as much as 55 cents on the day. Feeder cattle futures bounced back on Monday, up 12 to 50 cents by the closing bell. The 11/15 CME Feeder Cattle index was lower by 43 cents to 146.69. Afternoon boxed beef tightened the Chc/Sel spread to $23.53 via strength in Select. Choice boxes were lower by $1.68, to $239.12. On the other hand, select boxes rose $1.26 higher to $215.59. The USDA estimated FI cattle slaughter to be 118,000 head on the day.

--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.