Cattle Market 30 to 75 Cents Higher

Live cattle futures were 30 to 75 cents higher at closing time on Wednesday. Feeder cattle futures closed $2.475 to $3.00 higher in the nearby contracts. Wholesale boxed beef saw another widening of choice/select spread Wednesday, at an unseasonably high $28.48. That is the widest the spread has been since June of 2017. Choice boxes gained $1.00 to $214.60 and Select boxes dropped $0.94 to $186.12. USDA estimated FI cattle slaughter WTD through Wednesday at 350,0000 head, on pace with last week but down 4,000 head from last year. Wednesday’s FCE online auction saw no sales on the 666 head offered, with asks ranging from $108-109. Country bids of $105 have been reported, with $110 asks.

--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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.