Cattle Mixed Ahead of the Weekend

Live cattle future are up 20 to 72.5 cents in the nearby contracts, with other contracts seen trading lower. Feeder cattle futures down 27.5 to 65 cents. The CME Feeder Cattle Index was down 17 cents on Oct. 2 at $142.92. Wholesale boxed beef prices were lower on Friday. Choice boxes were down 6 cents to $212.00, with Select boxes 7 cents lower to $187.14, with the Chc/Select spread at $24.86. USDA estimated week to date FI slaughter is 467,000 head, which is down 4,000 from the same Thursday last year. Sales of $107 have been reported in the South on Friday, with a few dressed sales of $170 in NE. Census data released this morning showed 261.25 million lbs of beef exports in August when converted to USDA numbers. That was down 9.4% from last year and 4.5% lower than July shipments.

OCT 19 Cattle are at $107.525, up $0.725,

DEC 19 Cattle are at $111.025, up $0.200,

FEB 20 Cattle are at $116.850, down $0.150,

OCT 19 Feeder Cattle are at $142.075, down $0.275

NOV 19 Feeder Cattle are at $141.450, down $0.650

JAN 19 Feeder Cattle are at $137.700, down $0.550

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
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E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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