Cattle Mixed at Midday

Live cattle futures are firm to 30 cents higher on Thursday. Feeder cattle futures are down 10 to 65 cents at midday. The CME feeder cattle index was down 31 cents to $131.88 on June 4. Wholesale boxed beef prices were higher on Thursday morning. Choice boxes were up 44 cents at $222.55 with Select boxes 25 cents higher @ $207.43. 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. Weekly Beef export sales for the week of May 3 totaled 16,704 MT, with actual shipments in that week at 17,892 MT.

Jun 19 Cattle are at $107.950, up $0.100,

Aug 19 Cattle are at $104.925, up $0.250,

Oct 19 Cattle are at $105.850, up $0.300,

Aug 19 Feeder Cattle are at $139.000, down $0.450

Sep 19 Feeder Cattle are at $139.300, down $0.400

Oct 19 Feeder Cattle are at $139.525, down $0.200

--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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