Cattle Mostly Lower at Midday

Live cattle futures are down 45 to 55 cents in the nearby contracts. Feeder cattle futures are down 5 to 42.5 cents in most contracts. The CME feeder cattle index was up $1.07 @ $135.44 on July 8. Wholesale boxed beef prices were lower again on Wednesday morning. Choice boxes were down 80 cents at $213.93 with Select boxes $1.18 lower @ $190.91. USDA estimated week to date FI cattle slaughter at 241,000 head. That was 2000 below last week and 3,000 head above the same week last year. This morning’s FCE auction showed no sales on the 423 head of cattle offered. Very light bids of $180 in NE have been reported.

AUG 19 Cattle are at $107.575, down $0.550,

OCT 19 Cattle are at $108.750, down $0.550,

DEC 19 Cattle are at $113.250, down $0.450,

AUG 19 Feeder Cattle are at $142.525, down $0.350

SEP 19 Feeder Cattle are at $143.000, down $0.125

OCT 19 Feeder Cattle are at $142.975, down $0.050

--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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