Cattle Mixed at Midday

Live cattle futures were up 12.5 to 30 cents in most contracts on Thursday, with June down a quarter. Feeder cattle futures were mixed, with contracts anywhere from 17.5 cents lower to 7.5 cents higher. The CME feeder cattle index was down 15 cents to $131.73 on June 5. Wholesale boxed beef prices were mixed on Thursday afternoon. Choice boxes were up 14 cents at $222.25 with Select boxes 2 cents lower @ $207.16. USDA shows FI cattle slaughter WTD through Thursday at 481,000 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. There have also been sales of $184 in NE. 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 closed at $107.600, down $0.250,

Aug 19 Cattle closed at $104.800, up $0.125,

Oct 19 Cattle closed at $105.750, up $0.200,

Aug 19 Feeder Cattle closed at $139.275, down $0.175

Sep 19 Feeder Cattle closed at $139.600, down $0.100

Oct 19 Feeder Cattle closed at $139.750, up $0.025

--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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E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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