Cattle Lower at Midday

Live cattle futures are down 12.5 to 50 cents in the front months at midday. Feeder cattle futures are down triple digits, with Oct $1.25 lower. The CME Feeder Cattle index was 3 cents higher on 10/15 to $145.12. Wholesale boxed beef prices are higher so far Thursday. Choice boxes are up 51 cents to $218.79, with Select boxes noticing a 6 cent improvement up to $191.43. USDA estimated week to date FI cattle slaughter through Wednesday at 351,000 head. That is 1,000 head above last week but down 4,000 from the same week last year. FCE’s trial sale this Friday has 941 head listed for sale. A few $111 sales were reported in the WCB this week according to USDA. A Cargill plant in Dodge City is down for the day due to an explosion in a stand-alone building. It is not expected to remain out of operation for long.

OCT 19 Cattle are at $112.000, down $0.350,

DEC 19 Cattle are at $113.750, down $0.125,

FEB 20 Cattle are at $119.100, down $0.500,

OCT 19 Feeder Cattle are at $143.975, down $1.250

NOV 19 Feeder Cattle are at $144.000, down $1.925

JAN 19 Feeder Cattle are at $140.450, down $1.925

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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