Cattle Market Commentary

Live cattle futures are down 55 to 97 cents at midday. There were 63 deliveries against October futures due to the premium of futures to cash. Feeder cattle are down $.87 to $1.42. The CME feeder cattle index was up 30 cents on October 8 at $158.45. Wholesale boxed beef values were lower on Wednesday morning. Choice boxes were down 56 cents to $202.29, while Select boxes were 50 cents lower at $192.22. USDA estimated weekly FI cattle slaughter at 232,000 head through Tuesday. That was down 6,000 head from last week and 2,000 from the same week in 2017. The weekly FCE online auction saw 0 sales on the 1,246 head offered, with asks @ $111-113 and no bids.

Oct 18 Cattle are at $112.375, down $0.975,

Dec 18 Cattle are at $116.525, down $0.625,

Feb 19 Cattle are at $121.550, down $0.550,

Oct 18 Feeder Cattle are at $156.075, down $0.875

Nov 18 Feeder Cattle are at $156.325, down $1.175

Jan 19 Feeder Cattle are at $152.325, down $1.425

--provided by Brugler Marketing & Management, Call (402) 289-2330

Market Commentary provided by:

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

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