AgriCharts Market Commentary

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Cattle Market Commentary

Live cattle futures posted 90 cent to $1.45 losses in the nearby contracts on Monday. Feeder cattle futures were 55 cents to $1.80 lower in the front months. The CME feeder cattle index on September 21 was up $1.05 at $157.34. Wholesale boxed beef values were higher on Monday afternoon. Choice boxes were up $1.36 to $206.16, while Select boxes were 58 cents higher at $195.39. USDA estimated FI cattle slaughter at 119,000 head on Monday. That is up 5,000 from last week and 2,000 head above the same week in 2017. Monday’s Cold Storage report indicated that frozen stocks of beef on August 31 totaled a monthly record 503.449 million pounds. That was 3.99% larger than the end of July and 5.64% above August 2017.

OCT 18 Cattle closed at $112.175, down $0.900,

DEC 18 Cattle closed at $117.000, down $1.450,

FEB 19 Cattle closed at $121.300, down $0.950,

SEP 18 Feeder Cattle closed at $156.400, down $0.550

OCT 18 Feeder Cattle closed at $156.425, down $1.650

NOV 18 Feeder Cattle closed at $156.000, down $1.800

Cattle Market Commentary

Live cattle are showing $1 to $1.40 losses in the front months at midday, following Friday’s higher than expected placements in the afternoon COF report. Feeder cattle futures are 50 cents to $1.80 in the red. The CME feeder cattle index on September 20 was up $1.83 at $156.29. Wholesale boxed beef values were higher on Monday morning. Choice boxes were up $1.45 to $206.25, while Select boxes were 76 cents higher at $195.47. USDA estimated FI cattle slaughter at 657,000 head through Saturday. That is up 5,000 from last week on larger weekend slaughter and 19,000 head above the same week in 2017. Cash cattle traded $110.50-111 for most regions on Friday. The Cattle on Feed report indicated September 1 Cattle on Feed at 11.125 million head, up 5.91% from a year ago. August placements were at 2.07 million head, up 7.37%, with Aug marketings 0.2% larger at 1.983 million head.

OCT 18 Cattle are at $112.075, down $1.000,

DEC 18 Cattle are at $117.050, down $1.400,

FEB 19 Cattle are at $121.175, down $1.075,

SEP 18 Feeder Cattle are at $156.450, down $0.500

OCT 18 Feeder Cattle are at $156.400, down $1.675

NOV 18 Feeder Cattle are at $156.025, down $1.775

Cattle Market Commentary

Live cattle futures ended the Friday session with 40 to 65 cent gains. Feeder cattle futures were up 20 cents to $1.25 on the day. The CME feeder cattle index on September 20 was up $1.83 at $156.29. Wholesale boxed beef values were mixed on Friday afternoon. Choice boxes were up 28 cents to $204.80, while Select boxes were 20 cents lower at $194.71. USDA estimated FI cattle slaughter at 657,000 head through Saturday. That is up 5,000 from last week on larger weekend slaughter and 19,000 head above the same week in 2017. Cash cattle traded $110.50-111 for most regions on Friday. The Cattle on Feed report indicated September 1 Cattle on Feed at 11.125 million head, up 5.91% from a year ago. August placements were at 2.07 million head, up 7.37% and above the average trade estimate. Marketings during August were 0.2% larger at 1.983 million head.

Cattle Market Commentary

Live cattle futures ended the Friday session with 40 to 65 cent gains. Feeder cattle futures were up 20 cents to $1.25 on the day. The CME feeder cattle index on September 20 was up $1.83 at $156.29. Wholesale boxed beef values were mixed on Friday afternoon. Choice boxes were up 28 cents to $204.80, while Select boxes were 20 cents lower at $194.71. USDA estimated FI cattle slaughter at 657,000 head through Saturday. That is up 5,000 from last week on larger weekend slaughter and 19,000 head above the same week in 2017. Quite a few cash trades showed up this afternoon at $110.50-111 for most regions. The Cattle on Feed report indicated September 1 Cattle on Feed at 11.125 million head, up 5.91% from a year ago. August placements were at 2.07 million head, up 7.37% and above the average trade estimate. Marketings during August were 0.2% larger at 1.983 million head.

OCT 18 Cattle closed at $113.075, up $0.625,

DEC 18 Cattle closed at $118.450, up $0.550,

FEB 19 Cattle closed at $122.250, up $0.650,

SEP 18 Feeder Cattle closed at $156.925, up $1.250

OCT 18 Feeder Cattle closed at $157.925, up $0.650

NOV 18 Feeder Cattle closed at $157.600, up $0.450

Cattle Market Commentary

Live cattle futures are mostly 5 to 25 cents higher on Friday. Feeder cattle futures are up 15 to 50 cents at the moment. The CME feeder cattle index on September 19 was up $1.38 at $154.46. Wholesale boxed beef values were mixed on Friday morning. Choice boxes were up 46 cents to $204.98, while Select boxes were 20 cents lower at $194.71. USDA estimated FI cattle slaughter at 473,000 head through Thursday. That is down 3,000 from last week but 7,000 head above the same week in 2017. USDA will release the monthly Cattle on Feed report this afternoon at 2 p.m. CDT. A few cash trades have been reported at $110-111.50 live and $175 dressed so far this week.

OCT 18 Cattle are at $112.675, up $0.225,

DEC 18 Cattle are at $117.950, up $0.050,

FEB 19 Cattle are at $121.800, up $0.200,

SEP 18 Feeder Cattle are at $155.850, up $0.175

OCT 18 Feeder Cattle are at $157.750, up $0.475

NOV 18 Feeder Cattle are at $157.650, up $0.500


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