Cattle Market Commentary

Live cattle futures are trading 30 to 60 cents higher in the front months. Feeder cattle futures are mixed with nearby August 27.5 lower and a few back months higher. The CME feeder cattle index was down 5 cents from the previous day at $150.29. Wholesale boxed beef values were higher on Friday morning. Choice boxes were up $2.20 at $211.30, while Select boxes were up 23 cents at $201.69. USDA FI cattle slaughter was estimated at 474,000 head through Thursday. That is down 3,000 head from the previous week but 8,000 head above the same week in 2017. Bids of $108 are being shown across the country still on Friday, with a few sales of $173 in the beef in NE. Asking prices are still hanging around $111-112. Total export commitments for 2018 are now a phenomenal 19% larger than last year.

Aug 18 Cattle are at $108.650, up $0.325,

Oct 18 Cattle are at $109.875, up $0.600,

Dec 18 Cattle are at $113.550, up $0.350,

Aug 18 Feeder Cattle are at $150.000, down $0.275

Sep 18 Feeder Cattle are at $150.375, up $0.250

Oct 18 Feeder Cattle are at $150.500, up $0.275




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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