AgriCharts Market Commentary

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Cattle Market News and Commentary

Live cattle are up 30 to 67.5 cents at midday. Feeder cattle futures are trading 32.5 to 42.5 cents higher on Wednesday. The CME feeder cattle index was up 96 cents on December 10 at $144.96. Wholesale beef prices were mixed again on Wednesday morning, with the Ch/Select spread tightening to $9.93. Choice boxes were down $2.83 at $211.63, with the Select cutout value 31 cents higher at $201.70. USDA estimated week to date cattle slaughter at 241,00 head. That is 1,000 above last week and 7,000 head larger than the same week last year. Wednesday’s FCE auction saw 97 of the 156 head sold, with the single lot going for $119.

Dec 18 Cattle are at $119.000, up $0.625,

Feb 19 Cattle are at $122.825, up $0.675,

Apr 19 Cattle are at $124.850, up $0.325,

Jan 19 Feeder Cattle are at $147.725, up $0.425

Mar 19 Feeder Cattle are at $145.325, up $0.425

Apr 19 Feeder Cattle are at $145.600, up $0.325

Cattle Market News and Commentary

Live cattle settled with 65 to 95 cent gains on Tuesday. Feeder cattle futures were up $1.15 to $2.275 on the day. The CME feeder cattle index was up 96 cents on December 10 at $144.96. Wholesale beef prices were mixed on Tuesday afternoon, with the Ch/Select spread tightening to $13.07. Choice boxes were down 96 cents at $214.46, with the Select cutout value 45 cents higher at $201.39. USDA estimated week to date cattle slaughter at 241,00 head. That is 1,000 above last week and 7,000 head larger than the same week last year. A total of 156 head are listed for Wednesday’s FCE online auction, with both lots from KS. USDA’s quarterly meat production table showed beef production for 2018 up 25 million lbs from November to 26.939 billion, with 2019 production down the same amount to 27.785 billion lbs.

--provided by Brugler Marketing & Management

Cattle Market News and Commentary

Live cattle settled with 65 to 95 cent gains on Tuesday. Feeder cattle futures were up $1.15 to $2.275 on the day. The CME feeder cattle index was up 96 cents on December 10 at $144.96. Wholesale beef prices were mixed on Tuesday afternoon, with the Ch/Se spread tightening to $13.07. Choice boxes were down 96 cents at $214.46, with the Select cutout value 45 cents higher at $201.39. USDA estimated Monday’s FI cattle slaughter at 122,000 head for Tuesday, with the weekly total at 241,00 head. That is 1,000 above last week and 7,000 head larger than the same week last year. A total of 156 head are listed for Wednesday’s FCE online auction, with both lots from KS. USDA’s quarterly meat production table showed beef production for 2018 up 25 million lbs from November to 26.939 billion, with 2019 production down the same amount to 27.785 billion lbs.

Dec 18 Cattle closed at $118.375, up $0.800,

Feb 19 Cattle closed at $122.150, up $0.950,

Apr 19 Cattle closed at $124.525, up $0.925,

Jan 19 Feeder Cattle closed at $147.300, up $2.275

Mar 19 Feeder Cattle closed at $144.900, up $2.150

Apr 19 Feeder Cattle closed at $145.275, up $2.000

--provided by Brugler Marketing & Management

Cattle Market News and Commentary

Live cattle are up 40 to 95 cents at midday. Feeder cattle futures are posting sharp $1 to $2.35 gains on Tuesday. The CME feeder cattle index was down $1.07 on December 7 at $144.00. Wholesale beef prices were mixed on Tuesday morning, with the Ch/Se spread tightening to $12.62. Choice boxes were down 92 cents at $214.50, with the Select cutout value 94 cents higher at $201.88. USDA estimated Monday’s FI cattle slaughter at 119,000 head, even with last week and 2,000 head larger than the same Monday last year. A total of 156 head are listed for Wednesday’s FCE online auction, with both lots from KS. USDA’s quarterly meat production table showed beef production for 2018 up 25 million lbs from November to 26.939 billion, with 2019 production down the same amount to 27.785 billion lbs.

Dec 18 Cattle are at $118.400, up $0.825,

Feb 19 Cattle are at $122.150, up $0.950,

Apr 19 Cattle are at $124.450, up $0.850,

Jan 19 Feeder Cattle are at $147.375, up $2.350

Mar 19 Feeder Cattle are at $144.750, up $2.000

Apr 19 Feeder Cattle are at $145.100, up $1.825

--provided by Brugler Marketing & Management

Cattle Market Commentary

Live cattle were steady to 32.5 cents lower in the nearby contracts yesterday, with back months higher. Feeder cattle futures were up 45 to 90 cents in most contracts on Monday. The CME feeder cattle index was down $1.07 on December 7 at $144.00. Wholesale beef prices were higher on Monday afternoon. Choice boxes were up $1.13 at $215.42, with the Select cutout value 44 cents higher at $200.94. USDA estimated Monday’s FI cattle slaughter at 119,000 head, even with last week and 2,000 head larger than the same Monday last year. The Commitment of Traders report showed the managed money net long position in live cattle futures and options expanding by 7,055 contracts as of 12/4 to 72,263 contracts. In feeder cattle futures and options, they moved to a record reported net short position of -5,774 contracts on that date. --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