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

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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