Cattle

Live cattle futures are mostly $1.30 to $1.65 lower on Tuesday. Feeder cattle futures are down $1.50 to $2.275. The CME feeder cattle index was down $1.09 on May 11 at $136.12. Wholesale boxed beef values were mixed on Tuesday morning. Choice boxes were down 26 cents at $231.86, with Select boxes $1.05 higher at $210.17. FI cattle slaughter was estimated at 117,000 head on Monday. That is down 2,000 head from last week but 1,000 head larger than the same week last year. Packers appear to be starting the bidding this week around $116. Asks are much higher.

Jun 18 Cattle are at $102.925, down $1.700,

Aug 18 Cattle are at $99.950, down $1.950,

Oct 18 Cattle are at $103.450, down $1.825,

May 18 Feeder Cattle are at $133.900, down $1.500

Aug 18 Feeder Cattle are at $138.100, down $2.275

Sep 18 Feeder Cattle are at $138.750, down $2.050




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.