AgriCharts Market Commentary

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Cattle

Live cattle futures finished the Friday session $1.075 to $2.625 higher in the front months on higher cash cattle trade. Feeder cattle futures were up 80 cents to $1.50 in most contracts. The CME feeder cattle index on December 14 was up 9 cents to $154.40. Wholesale boxed beef values were mixed on Friday afternoon. Choice was up 83 cents at $201.87, with select 44 cents lower at $183.25. Estimated weekly FI cattle slaughter is at 630,000 head through Saturday, 6,000 head fewer than the previous week but 24,000 head larger than the same week last year. Cash trade picked up late Friday afternoon with sales of $119-120.50, up $2 from the previous week. Spec traders were shown as reducing their CFTC net long cattle position by 17,262 contracts during the week ending Tuesday. That net position was at 99,748 contracts as of 12/12.

Dec 17 Cattle closed at $118.900, up $2.625,

Feb 18 Cattle closed at $121.025, up $1.875,

Apr 18 Cattle closed at $122.150, up $1.850,

Jan 18 Feeder Cattle closed at $147.750, up $1.500

Mar 18 Feeder Cattle closed at $145.550, up $1.200

Apr 18 Feeder Cattle closed at $145.925, up $1.225

Cattle

Live cattle futures are mixed at midday, with nearby Dec up 95 and deferred contracts lower. Feeder cattle futures are mostly 27.5 to 52.5 cents lower on Friday. The CME feeder cattle index on December 13 was up 67 cents to $154.31. Wholesale boxed beef values were mixed on Friday morning. Choice was up 75 cents at $201.79, with select 8 cents lower at $183.61. Estimated week to date FI cattle slaughter was 475,000 head through Thursday, 2,000 head fewer than the previous week but 15,000 head larger than the same week last year. US beef export commitments are now 10.1% ahead of last year. Cash trade has yet to pick up this week, with bids of $114 reported so far today.

Dec 17 Cattle are at $117.225, up $0.950,

Feb 18 Cattle are at $119.500, up $0.350,

Apr 18 Cattle are at $120.600, up $0.300,

Jan 18 Feeder Cattle are at $145.975, down $0.275

Mar 18 Feeder Cattle are at $143.825, down $0.525

Apr 18 Feeder Cattle are at $144.200, down $0.500

Cattle

Live cattle futures finished the day with most contracts steady to 77.5 cents higher. Feeder cattle futures were 30 to 82.5 cents in the green on Thursday. The CME feeder cattle index on December 13 was up 67 cents to $154.31. Wholesale boxed beef values were lower on Thursday afternoon. Choice was down $1.44 at $201.04, with select $1.33 lower at $183.69. Estimated week to date FI cattle slaughter was 475,000 head through Thursday, 2,000 head fewer than the previous week but 15,000 head larger than the same week last year. US beef export commitments are now 10.1% ahead of last year. There were cash bids of $116 in NE on Thursday but no confirmed trades.

Cattle

Live cattle futures finished the day with most contracts steady to 77.5 cents higher. Feeder cattle futures were 30 to 82.5 cents in the green on Thursday. The CME feeder cattle index on December 13 was up 67 cents to $154.31. Wholesale boxed beef values were lower on Thursday afternoon. Choice was down $1.44 at $201.04, with select $1.33 lower at $183.69. Estimated week to date FI cattle slaughter was 475,000 head through Thursday, 2,000 head fewer than the previous week but 15,000 head larger than the same week last year. Beef export sales for 2017 during the week of 12/7 came in 130.2% above last week at 6,136 MT, which was well above last year’s net reductions for this week. There were also 8,637 MTs report for 2018 sales. Shipments of beef were down slightly from week at 16,341 MT. There were cash bids of $116 in NE today but no confirmed trades.

Dec 17 Cattle closed at $116.275, up $0.625,

Feb 18 Cattle closed at $119.150, up $0.775,

Apr 18 Cattle closed at $120.300, up $0.100,

Jan 18 Feeder Cattle closed at $146.250, up $0.600

Mar 18 Feeder Cattle closed at $144.350, up $0.300

Apr 18 Feeder Cattle closed at $144.700, up $0.675

Cattle

Live cattle futures are currently 72.5 cents to $1.175 higher at midday. Feeder cattle futures are $1.05 to $1.225 in the green in most front months. The CME feeder cattle index on December 12 was down 25 cents to $153.64. Wholesale boxed beef values were mixed on Thursday morning. Choice was up 63 cents at $203.11, with select 49 cents lower at $184.53. Estimated week to date FI cattle slaughter was 355,000 head through Wednesday, 3,000 head fewer than the previous week but 11,000 head larger than the same week last year. Beef export sales for 2017 during the week of 12/7 came in 130.2% above last week at 6,136 MT, which was well above last year’s net reductions for this week. There were also 8,637 MTs report for 2018 sales. There are cash bids of $116 so far this morning but no confirmed trades.

Dec 17 Cattle are at $116.800, up $1.150,

Feb 18 Cattle are at $119.550, up $1.175,

Apr 18 Cattle are at $120.925, up $0.725,

Jan 18 Feeder Cattle are at $146.700, up $1.050

Mar 18 Feeder Cattle are at $144.775, up $0.725

Apr 18 Feeder Cattle are at $145.250, up $1.225


Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
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