Cattle Market Seeking Cash Direction Per Usual

Live cattle futures were 22 to 65 cents higher on Wednesday. Feeder cattle futures were mixed, with front months 7.5 to 42.5 cents lower. The CME feeder cattle index was down 4 cents @ $141.61 on August 6. Wholesale boxed beef prices were higher on Wednesday afternoon. Choice boxes were up 71 cents at $216.49, with Select boxes 6 cents higher @ $192.71. USDA estimated week to date FI cattle slaughter at 355,000 head through Wednesday, 1,000 head below the previous week and even with the same week last year. Bids of $109 in the South and $181-185 in the North were reported on Wednesday. Asks are around $113 and $185 respectively.

--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.