Cattle Posting Strong Gains at Midday

Live cattle futures are up 90 cents to $2.45 on Wednesday. Feeder cattle futures are $2.075 to $3.275 higher in the front months. The CME Feeder Cattle Index was 33 cents lower on September 9 at $137.44. Wholesale boxed beef prices were lower on Wednesday morning, tightening the Chc/Sel spread to $22.75. Choice boxes were down a sharp $3.43 at $221.95, with Select boxes $1.78 lower @ $199.20. The latter are down more than 5% since the Labor Day holiday. USDA estimated week to date FI cattle slaughter @ 231,000. That is down 8,000 head from the same week a year ago. Wednesday’s FCE auction showed 318 of the 636 head offered were bid at $99, with feedlots passing on both bids.

OCT 19 Cattle are at $98.600, up $2.450,

DEC 19 Cattle are at $103.675, up $2.450,

FEB 20 Cattle are at $109.900, up $1.475,

SEP 19 Feeder Cattle are at $135.975, up $2.075

OCT 19 Feeder Cattle are at $134.325, up $3.275

NOV 19 Feeder Cattle are at $133.675, up $2.975

-- 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

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.