Cattle Market Bulls Show Signs of Life

Live cattle futures were up 30 cents to $1.05 in most contracts on Wednesday. Feeder cattle futures were $1.775 to $2 higher, with help from weakness in corn. The CME feeder cattle index was down 31 cents to $131.88 on June 4. Wholesale boxed beef prices were lower on Wednesday afternoon. Choice boxes were down 89 cents at $222.11 with Select boxes 3 cents higher @ $207.18. USDA shows FI cattle slaughter WTD through Wednesday at 360,000 head. That was 2,000 head larger than the same week last year. Cash trade this week has been around $113 in the South and $114 in the North. Both are $2 lower than last week. Wednesday’s FCE auction saw sales of $113 on 72 of the 412 head offered.

--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

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.