Cattle Market Commentary

Live cattle futures are trading 72.5 cents to $1.175 higher at midday. Feeder cattle futures are mostly 22.5 cents to $1 in the green with nearby Jan down 12.5 cents. The CME feeder cattle index was up 72 cents on November 30 at $147.85. Wholesale beef prices were mixed on Tuesday morning, widening the Ch/Se spread to $16.64. Choice boxes were up $1.11 at $214.19, with the Select cutout value $1.63 lower at $197.55. USDA revised last week’s slaughter down 3,000 head to 640,000. For Monday’s estimated slaughter they have 119,000 head, which is up 4,000 from last week but down 1,000 from a year ago. Some plants were closed due to weather and will catch up this week. Wednesday’s FCE online auction is showing 219 head for sale.

Dec 18 Cattle are at $117.600, up $0.725,

Feb 19 Cattle are at $121.350, up $1.175,

Apr 19 Cattle are at $122.650, up $1.025,

Jan 19 Feeder Cattle are at $144.375, down $0.125

Mar 19 Feeder Cattle are at $141.675, up $0.225

Apr 19 Feeder Cattle are at $142.775, up $0.425

--provided by Brugler Marketing & Management




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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