Cattle Market Commentary

Live cattle futures are mixed on Thursday, with nearby Dec up 12.5 cents. Feeder cattle futures are mostly lower at midday. The CME feeder cattle index was down 33 on December 4 at $146.39. Wholesale beef prices were mixed on Thursday morning, tightening the Ch/Se spread to $14.77. Choice boxes were down 43 cents at $212.83, with the Select cutout value $1.20 higher at $198.06. USDA’s estimated FI cattle slaughter is at 360,000 head WTD, up 4,000 head from last week and 2,000 head large than a year ago. Little cash trade has been reported so far this week outside of the FCE’s $117.50-118 on Wednesday. Bids are around $112-114 on Thursday.

Dec 18 Cattle are at $118.425, up $0.125,

Feb 19 Cattle are at $122.275, down $0.100,

Apr 19 Cattle are at $123.975, up $0.100,

Jan 19 Feeder Cattle are at $145.200, down $0.275

Mar 19 Feeder Cattle are at $142.975, down $0.075

Apr 19 Feeder Cattle are at $143.550, down $0.325

--provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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