Cattle

Live cattle futures are trading 27.5 to 80 cents higher again on Wednesday. Feeder cattle futures are also 40 to 82.5 cents in the green. The CME feeder cattle index on December 25 was down 64 cents to $148.72. Wholesale boxed beef values were mixed on Wednesday morning. Choice was up 15 cents at $202.75, with select down 26 cents at $190.57. Estimated FI cattle slaughter was 119,000 head on Tuesday, after Monday’s kill was quiet due to the Holiday. That is 4,000 head fewer than the same week last year. This morning’s FCE online auction showed no sales on the 637 head, with most asking prices around $122.

Dec 17 Cattle are at $122.300, up $0.800,

Feb 18 Cattle are at $121.750, up $0.275,

Apr 18 Cattle are at $122.275, up $0.350,

Jan 18 Feeder Cattle are at $145.225, up $0.825

Mar 18 Feeder Cattle are at $141.875, up $0.525

Apr 18 Feeder Cattle are at $142.350, up $0.400




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

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