Live cattle futures are showing 25 cent to $1.475 gains at midday. Feeder cattle futures are up 37.5 cents to $1.575. The CME feeder cattle index was down 25 cents on May 15 at $135.67. Wholesale boxed beef values were higher on Thursday morning. Choice boxes were up $1.40 at $232.43, with Select boxes 29 cents higher at $208.79. Week to date FI cattle slaughter was estimated at 354,000 head through Wednesday. That is down 2,000 head from last week but 5,000 head larger than the same week last year. Light cash trade of $114 has been reported this morning, down from yesterday’s $115-116. Beef export sales were shown at 10,962 MT in the week of 5/10, 44.9% larger than this week last year.

Jun 18 Cattle are at $103.300, up $1.475,

Aug 18 Cattle are at $99.350, up $0.300,

Oct 18 Cattle are at $102.575, up $0.275,

May 18 Feeder Cattle are at $133.100, up $0.375

Aug 18 Feeder Cattle are at $138.300, up $1.575

Sep 18 Feeder Cattle are at $138.650, up $1.275

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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.