Cattle Cash Sales Match at $107

Live cattle futures for OCT closed at $107.350 which were 55 cents higher, where DEC and FEB contracts were lower. Feeder cattle futures lost 37 to 72 cents going into the weekend. The CME Feeder Cattle Index was up 68 cents on Oct. 3 at $143.60. Wholesale boxed beef prices were lower on Friday. Choice boxes were down 10 cents to $211.96, with Select boxes 29 cents lower to $186.92. USDA FI slaughter estimated weekly total is 639,000 head including Saturday, up 1,000 head from year ago. Sales throughout the country gravitated towards $107 on Friday, with $4.00 gains in Kansas and $1.00 gains in Texas Panhandle; a few dressed sales of $170 in NE. Census data released this morning showed 261.25 million lbs of beef exports in August. That was down 9.4% from last year and 4.5% lower than July shipments. The Commitment of Traders report released this afternoon showed managed money had flipped their position from net short to net long 5,887 contracts in cattle futures by Tuesday evening.

OCT 19 Cattle closed at $107.350, up $0.550,

DEC 19 Cattle closed at $110.775, down $0.050,

FEB 20 Cattle closed at $116.625, down $0.375,

OCT 19 Feeder Cattle closed at $136.075, down $0.375

NOV 19 Feeder Cattle closed at $141.375, down $0.725

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

--provided by Brugler Marketing & Management

Market Commentary provided by:

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