Cattle Market News and Commentary

Live cattle futures are trading 35 to 65 cents higher in the front months at midday. Feeder cattle futures are mixed, with most contracts higher and nearby Jan down 20 cents. The CME feeder cattle index was down 15 cents on January 9 at $145.55. Wholesale boxed beef prices were lower on Friday morning. Choice boxes were down $1.14 at $212.82, with Select 63 cents lower at $207.14. USDA estimated WTD FI cattle slaughter at 477,000 head through Thursday. That was 5,000 head above the same week last year. Cash bids on Friday are mostly $122, with asks still around $125-126.

Feb 19 Cattle are at $125.525, up $0.650,

Apr 19 Cattle are at $126.450, up $0.525,

Jun 19 Cattle are at $117.725, up $0.350,

Jan 19 Feeder Cattle are at $146.550, down $0.200

Mar 19 Feeder Cattle are at $145.300, up $0.225

Apr 19 Feeder Cattle are at $146.150, up $0.475

--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

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