AgriCharts Market Commentary

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Cattle Market Commentary

Live cattle futures are mixed at midday with front months 20 to 55 cents higher and back months lower. Feeder cattle futures are 55 to 95 cents lower. The CME feeder cattle index was down 45 cents on November 14 at $148.93. Wholesale boxed beef prices were lower on Friday morning. Choice boxes were down 22 cents at $213.33, with the Select cutout value 2 cents lower at $197.56. USDA estimated FI cattle slaughter for Thursday was at 119,000 head, with the WTD total @ 467,000 head. That is 6,000 below the previous week and 12,000 head fewer than the same day last year. Cash cattle bids are still being reported around $112, with a few sales of $178 reported in NE. Export sales of beef in the week that ended on 11/8 were tallied at 13,594 MT this morning, with shipments at 17,043 MT.

Dec 18 Cattle are at $115.350, up $0.200,

Feb 19 Cattle are at $119.625, up $0.525,

Apr 19 Cattle are at $121.375, up $0.425,

Jan 19 Feeder Cattle are at $146.925, down $0.925

Mar 19 Feeder Cattle are at $144.000, down $0.550

Apr 19 Feeder Cattle are at $144.325, down $0.675

--provided by Brugler Marketing & Management

Cattle Market Commentary

Live cattle futures saw 15 to 55 cent gains in most contracts on Thursday. Feeder cattle futures were 75 cents to $1 higher, as Nov expired down 35 cents at $148.625. The CME feeder cattle index was down 45 cents on November 14 at $148.93. Wholesale boxed beef prices were higher on Thursday afternoon. Choice boxes were up 39 cents at $213.55, with the Select cutout value 40 cents higher at $197.58. USDA estimated FI cattle slaughter for Thursday was at 119,000 head, with the WTD total @ 467,000 head. That is 6,000 below the previous week and 12,000 head fewer than the same day last year. A few cash bids of $112-113 have been reported so far, but no trade has developed in the south. Some transactions at $178 have been reported in IA and NE but not enough to establish the trend.

--provided by Brugler Marketing & Management

Cattle Market Commentary

Live cattle futures saw 15 to 55 cent gains in most contracts on Thursday. Feeder cattle futures were 75 cents to $1 higher, as Nov expired down 35 cents at $148.625. The CME feeder cattle index was down 45 cents on November 14 at $148.93. Wholesale boxed beef prices were higher on Thursday afternoon. Choice boxes were up 39 cents at $213.55, with the Select cutout value 40 cents higher at $197.58. USDA estimated FI cattle slaughter for Thursday was at 119,000 head, with the WTD total @ 467,000 head. That is 6,000 below the previous week and 12,000 head fewer than the same day last year. A few cash bids of $112-113 have been reported so far, but no trade has developed in the south. Some transactions at $178 have been reported in IA and NE but not enough to establish the trend.

Dec 18 Cattle closed at $115.150, up $0.550,

Feb 19 Cattle closed at $119.100, up $0.500,

Apr 19 Cattle closed at $120.950, up $0.375,

Nov 18 Feeder Cattle closed at $148.625, down $0.350

Jan 19 Feeder Cattle closed at $147.850, up $0.875

Mar 19 Feeder Cattle closed at $144.550, up $0.750

--provided by Brugler Marketing & Management

Cattle Market Commentary

Live cattle futures are up 15 to 55 cents at midday. Feeder cattle futures are mostly higher, with expiring Nov down 27.5 cents. The CME feeder cattle index was down 51 cents on November 13 at $149.38. Wholesale boxed beef prices were higher on Thursday morning. Choice boxes were up 21 cents at $213.37, with the Select cutout value $1.27 higher at $198.45. USDA estimated FI cattle slaughter at 118,000 head for Wednesday, bringing the WTD total to 348,000 head. That was 9,000 below the previous week and 9,000 head fewer than the same day last year. A few bids of $112-113 have been reported so far this morning, but no trade has developed.

Dec 18 Cattle are at $115.125, up $0.525,

Feb 19 Cattle are at $119.025, up $0.425,

Apr 19 Cattle are at $120.975, up $0.400,

Nov 18 Feeder Cattle are at $148.700, down $0.275

Jan 19 Feeder Cattle are at $147.600, up $0.625

Mar 19 Feeder Cattle are at $144.500, up $0.700

--provided by Brugler Marketing & Management

Cattle Market Commentary

Live cattle futures ended Wednesday steady to 80 cents lower. Feeder cattle futures were steady to 95 cents in the red. The CME feeder cattle index was down 51 cents on November 13 at $149.38. November feeder futures expire this Thursday (11/15). Wholesale boxed beef prices were lower on Wednesday afternoon. Choice boxes were down 92 cents at $213.16, with the Select cutout value $1.80 lower at $197.18. USDA estimated FI cattle slaughter at 118,000 head for Wednesday, bringing the WTD total to 348,000 head. That was 9,000 below the previous week and 9,000 head fewer than the same day last year. This morning’s FCE auction saw no sales on the 620 head offered.

--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