AgriCharts Market Commentary

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Cattle

Live cattle futures posted 55 cent to $1.375 losses in most contracts today. Feeder cattle futures saw triple digit losses in most contracts. The CME feeder cattle index was 60 cents lower at $155.06 on October 16. Wholesale beef prices were lower in the Tuesday afternoon report. Choice was down $1.15 at $197.66, while select boxes were 72 cents lower at $189.85. Weekly FI cattle slaughter through Tuesday is estimated at 227,000 head, about 6,000 fewer than the previous week and 2,000 head lower than the same week last year. The FCE is showing only 919 head consigned for Wednesday’s online auction, with a majority of the lots from KS.

Oct 17 Cattle closed at $111.175, down $0.550,

Dec 17 Cattle closed at $115.975, down $0.850,

Feb 18 Cattle closed at $120.150, down $0.775,

Oct 17 Feeder Cattle closed at $152.150, down $1.850

Nov 17 Feeder Cattle closed at $152.425, down $2.125

Jan 18 Feeder Cattle closed at $150.400, down $2.150

Cattle

Live cattle futures are showing gains of 27.5 to 62.5 cents on Tuesday. Feeder futures are mixed, with nearby Oct a dime lower. The CME feeder cattle index was 43 cents higher at $155.66 on October 13.Wholesale beef prices were lower in the Tuesday morning report. Choice was down 30 cents at $198.51, while select boxes were 75 cents lower at $189.82. The drop credit was down 1 cent to $10.26/cwt live basis on Monday. FI cattle slaughter was light on Monday and estimated at 110,000 head, about 5,000 fewer than the previous week and 4,000 head lower the same week last year. The FCE is showing only 919 head consigned for Wednesday’s online auction, with a majority of the lots from KS.

Oct 17 Cattle are at $112.350, up $0.625,

Dec 17 Cattle are at $117.100, up $0.275,

Feb 18 Cattle are at $121.500, up $0.575,

Oct 17 Feeder Cattle are at $153.900, down $0.100

Nov 17 Feeder Cattle are at $154.525, down $0.025

Jan 18 Feeder Cattle are at $152.575, up $0.025

Cattle

Live cattle futures settled Monday trade with most contracts 15 cents to $1.10 lower. Feeder futures were 5 to 65 cents lower. The CME feeder cattle index was 43 cents higher at $155.66 on October 13.Wholesale beef prices were higher in the Monday afternoon report. Choice was up 59 cents at $198.81, while select boxes were 52 cents higher at $190.57. The drop credit was down 1 cent to $10.26/cwt live basis. FI cattle slaughter was light on Monday and estimated at 110,000 head, about 5,000 fewer than the previous week and 4,000 head lower the same week last year. Cash sales @ $111 were reported to end last week, with a few up to $112 in some regions.

Cattle

Live cattle futures settled Monday trade with most contracts 15 cents to $1.10 lower. Feeder futures were 5 to 65 cents lower. The CME feeder cattle index was 43 cents higher at $155.66 on October 13.Wholesale beef prices were higher in the Monday afternoon report. Choice was up 59 cents at $198.81, while select boxes were 52 cents higher at $190.57. FI cattle slaughter was lighter on Monday and estimated at 110,000 head, about 5,000 fewer than the previous week and 4,000 head lower the same week last year. Cash sales @ $111 were reported to end last week, with a few up to $112 in some regions.

Oct 17 Cattle closed at $111.725, down $1.100,

Dec 17 Cattle closed at $116.825, down $0.300,

Feb 18 Cattle closed at $120.925, down $0.150,

Oct 17 Feeder Cattle closed at $154.000, down $0.050

Nov 17 Feeder Cattle closed at $154.550, down $0.450

Jan 18 Feeder Cattle closed at $152.550, down $0.500

Cattle

Live cattle futures are mixed at midday, as nearby Oct is 60 cents lower. Feeder futures are mostly steady to 57.5 cents higher. The CME feeder cattle index was 9 cents higher at $155.23 on October 12.Wholesale beef prices were higher in the Monday morning report. Choice was up 51 cents at $198.73, while select boxes were 77 cents higher at $190.82. Weekly FI cattle slaughter was estimated at 622,000 head last week, about 10,000 fewer than the previous week and 21,000 head above the same week last year. Cash sales @ $111 were reported to end the week, with a few up to $112 in some regions. Spec traders added another 3,396 contracts to their CFTC net long position last week, taking it to a net position of 100,178 contracts on October 10.

Oct 17 Cattle are at $112.225, down $0.600,

Dec 17 Cattle are at $117.075, down $0.050,

Feb 18 Cattle are at $121.175, up $0.100,

Oct 17 Feeder Cattle are at $154.625, up $0.575

Nov 17 Feeder Cattle are at $155.025, up $0.025

Jan 18 Feeder Cattle are at $153.075, up $0.025


Market Commentary provided by:

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