AgriCharts Market Commentary

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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

Cattle Market Commentary

Live cattle futures are mostly 5 to 25 cents higher on Friday. Feeder cattle futures are up 15 to 50 cents at the moment. The CME feeder cattle index on September 19 was up $1.38 at $154.46. Wholesale boxed beef values were mixed on Friday morning. Choice boxes were up 46 cents to $204.98, while Select boxes were 20 cents lower at $194.71. USDA estimated FI cattle slaughter at 473,000 head through Thursday. That is down 3,000 from last week but 7,000 head above the same week in 2017. USDA will release the monthly Cattle on Feed report this afternoon at 2 p.m. CDT. A few cash trades have been reported at $110-111.50 live and $175 dressed so far this week.

OCT 18 Cattle are at $112.675, up $0.225,

DEC 18 Cattle are at $117.950, up $0.050,

FEB 19 Cattle are at $121.800, up $0.200,

SEP 18 Feeder Cattle are at $155.850, up $0.175

OCT 18 Feeder Cattle are at $157.750, up $0.475

NOV 18 Feeder Cattle are at $157.650, up $0.500

Cattle Market Commentary

Live cattle futures ended Thursday with most contracts steady to 65 cents in the red. Feeder cattle futures were down 10 to 60 cents, with nearby Sept up 50 cents. The CME feeder cattle index on September 19 was up $1.38 at $154.46. Wholesale boxed beef values were higher on Thursday afternoon. Choice boxes were up 27 cents to $204.52, while Select boxes were 73 cents higher at $194.91. USDA estimated FI cattle slaughter at 473,000 head through Thursday. That is down 3,000 from last week but 7,000 head above the same week in 2017. Analysts are expecting (Reuters survey) that the USDA will show September 1 Cattle on Feed at 11.067 million head, up 5.4% from last year. Weekly beef exports were shown at 17,336 MT. A few dressed sales of $175 in the North were reported on Thursday.

Cattle Market Commentary

Live cattle futures ended Thursday with most contracts steady to 65 cents in the red. Feeder cattle futures were down 10 to 60 cents, with nearby Sept up 50 cents. The CME feeder cattle index on September 19 was up $1.38 at $154.46. Wholesale boxed beef values were higher on Thursday afternoon. Choice boxes were up 27 cents to $204.52, while Select boxes were 73 cents higher at $194.91. USDA estimated FI cattle slaughter at 473,000 head through Thursday. That is down 3,000 from last week but 7,000 head above the same week in 2017. Analysts are expecting (Reuters survey) that the USDA will show September 1 Cattle on Feed at 11.067 million head, up 5.4% from last year. Export sales of 15,894 MT for beef in the week of 9/13 were reported this morning. Weekly exports were shown at 17,336 MT. A few dressed sales of $175 in the North were reported on Thursday.

OCT 18 Cattle closed at $112.450, down $0.650,

DEC 18 Cattle closed at $117.900, down $0.075,

FEB 19 Cattle closed at $121.600, down $0.250,

SEP 18 Feeder Cattle closed at $156.025, up $0.500

OCT 18 Feeder Cattle closed at $157.725, down $0.150

NOV 18 Feeder Cattle closed at $157.600, down $0.125

Cattle Market Commentary

Live cattle futures are mixed at midday, with nearby Oct down 10 cents and other contracts higher. Feeder cattle futures are up 25 to 72.5 cents. The CME feeder cattle index on September 18 was down 54 cents at $153.08. Wholesale boxed beef values were higher on Thursday morning. Choice boxes were up 76 cents to $205.01, while Select boxes were $1.29 higher at $195.47. USDA estimated FI cattle slaughter at 353,000 head through Wednesday. That is down 4,000 from last week but 7,000 head above the same week in 2017. Analysts are expecting (Reuters survey) that the USDA will show September 1 Cattle on Feed at 11.067 million head, up 5.4% from last year. Export sales of 15,894 MT for beef in the week of 9/13 were reported this morning.

OCT 18 Cattle are at $113.000, down $0.100,

DEC 18 Cattle are at $118.125, up $0.150,

FEB 19 Cattle are at $121.925, up $0.075,

SEP 18 Feeder Cattle are at $156.250, up $0.725

OCT 18 Feeder Cattle are at $158.250, up $0.375

NOV 18 Feeder Cattle are at $157.975, up $0.250


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