Cattle Market Commentary

Live cattle futures are showing 45 cent to $1.50 gains in most contracts at midday. Feeder cattle futures are mixed on Monday, with front months steady to 20 cents higher and other contracts lower. The CME feeder cattle index was down 89 cents on October 11 at $157.48. Wholesale boxed beef prices were mixed on Monday morning. Choice boxes were up $1.48 @ $204.19, with Select down 61 cents to $191.67. Weekly beef production was down 0.4% from the previous week but 3.2% larger than the same week a year ago. Weekly FI slaughter was estimated at 639,000 head, which would be 4,000 below the previous week.

Oct 18 Cattle are at $113.000, up $0.675,

Dec 18 Cattle are at $117.650, up $1.475,

Feb 19 Cattle are at $121.500, up $1.100,

Oct 18 Feeder Cattle are at $154.700, unch,

Nov 18 Feeder Cattle are at $154.800, up $0.175

Jan 19 Feeder Cattle are at $149.650, down $0.100

--provided by Brugler Marketing & Management, Call (402) 289-2330




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

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