Cattle Market News and Commentary

Live cattle futures are down 80 cents to $1.375 at midday. Feeder cattle futures are trading $1.05 to $2.425 in negative territory on the day. The CME feeder cattle index was down 25 cents on January 15 at $144.19. Wholesale boxed beef prices were higher on Thursday morning. Choice boxes were up 61 cents at $212.54, with Select up $1.00 at $207.94. USDA estimated week to date FI cattle slaughter at 359,000 head through Wednesday. That is 2,000 head above last week and 11,000 head larger than the same week last year. Cash trade so far is week has been quiet, with few reported bids on Thursday thus far ($197 in NE vs. asks of $202-203).

Feb 19 Cattle are at $126.450, down $1.375,

Apr 19 Cattle are at $126.350, down $1.375,

Jun 19 Cattle are at $116.450, down $1.050,

Jan 19 Feeder Cattle are at $141.350, down $2.425

Mar 19 Feeder Cattle are at $142.650, down $2.050

Apr 19 Feeder Cattle are at $143.875, down $1.675

--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

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