Cattle

Live cattle futures are mostly 45 to 65 cents in the red at midday. Feeder cattle futures are 70 to 80 cents lower in the front months at the moment. The CME feeder cattle index was down 7 cents on May 9 at $137.93. Wholesale boxed beef values were steady to lower on Friday morning. Choice boxes were UNCH at $231.07, with Select boxes down 14 cents at $209.00. Week to date FI cattle slaughter was 475,000 head through Thursday, up 3,000 head from last week and 9,000 head larger than the same week last year. Cash trade has yet to develop in volume this week with a few scattered sales of $122-123 and $193 in the North.

Jun 18 Cattle are at $107.075, down $0.450,

Aug 18 Cattle are at $103.675, down $0.625,

Oct 18 Cattle are at $106.750, down $0.500,

May 18 Feeder Cattle are at $137.800, down $0.800

Aug 18 Feeder Cattle are at $143.225, down $0.725

Sep 18 Feeder Cattle are at $143.350, down $0.775




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.