Cattle Mixed on Thursday

Live cattle futures are up 45 cents in nearby Oct, with other contracts slightly lower. October LC options expire on Friday. Feeder cattle futures are steady to 37.5 cents higher in the front months. Beef export data from this morning show 16,423 MT of beef were shipped out in week ending 9/26. Sales during that week totaled 12,491 MT. The CME Feeder Cattle Index was up 14 cents on Oct. 1 at $143.09. Wholesale boxed beef prices are mixed on Thursday. Choice boxes were down 87 cents to $212.10, with Select boxes up a $1.21 to 187.11, narrowing the spread to $24.99. USDA estimated week to date FI slaughter is 350,000 head, which is down 4,000 from this time last year. Cash bids of $105 are being reported across the country at midday.

OCT 19 Cattle are at $106.500, up $0.450,

DEC 19 Cattle are at $110.500, down $0.125,

FEB 20 Cattle are at $116.750, down $0.050,

OCT 19 Feeder Cattle are at $142.250, up $0.175

NOV 19 Feeder Cattle are at $142.050, up $0.375

JAN 19 Feeder Cattle are at $138.025, up $0.025

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
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