Cattle Lower on Wednesday

Live cattle futures ended the day with the nearby contracts 15 to 50 cents lower. Feeder cattle futures were down 10 to 52.5 cents in the front months. The CME feeder cattle index was up 32 cents @ $135.76 on July 9. Wholesale boxed beef prices were lower again on Wednesday afternoon. Choice boxes were down 31 cents at $214.42 with Select boxes $1.20 lower @ $190.89. USDA estimated week to date FI cattle slaughter at 360,000 head. That was 5,000 below last week and 4,000 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 closed at $107.625, down $0.500,

OCT 19 Cattle closed at $108.975, down $0.325,

DEC 19 Cattle closed at $113.475, down $0.225,

AUG 19 Feeder Cattle closed at $142.350, down $0.525

SEP 19 Feeder Cattle closed at $142.850, down $0.275

OCT 19 Feeder Cattle closed at $142.825, 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

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.