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
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Phone: 402-697-3623
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