AgriCharts Market Commentary

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Cattle Market News and Commentary

Live cattle futures were mixed on the day, with nearby Dec up 32.5 cents. The last half 2019 contracts were higher. Feeder cattle futures were up 35 cents to $1. The CME feeder cattle index was up $1.43 on December 12 at $146.40. Wholesale beef prices were mixed again this afternoon, with the Ch/Select spread widening to $11.47. Choice boxes were up 22 cents at $212.47, with the Select cutout value 57 cents lower at $201.00. USDA estimated week to date cattle slaughter at 483,00 head through Thursday. That is 2,000 above last week and 11,000 head larger than the same week last year. Outside of the $119 trade on Wednesday’s FCE, few cash sales have been reported. Beef export sales in the week of 12/6 were reported at 10,337 MT for 2018 and 3,650 MT for 2019 in this morning’s Export Sales report. Exports out that week totaled 18,162 MT.

Dec 18 Cattle closed at $119.450, up $0.325,

Feb 19 Cattle closed at $122.850, down $0.050,

Apr 19 Cattle closed at $124.800, down $0.100,

Jan 19 Feeder Cattle closed at $147.975, up $0.400

Mar 19 Feeder Cattle closed at $145.925, up $0.650

Apr 19 Feeder Cattle closed at $146.500, up $0.900

--provided by Brugler Marketing & Management

Cattle Market News and Commentary

Live cattle futures are mixed, with front month Dec up 22.5 cents. Feeder cattle futures are up 35 to 95 cents at midday. The CME feeder cattle index was up a penny on December 11 at $144.97. Wholesale beef prices were mixed again this morning, with the Ch/Select spread going the other way this time widening to $11.77. Choice boxes were up 47 cents at $212.72, with the Select cutout value 62 cents lower at $200.95. USDA estimated week to date cattle slaughter at 361,00 head through Wednesday. That is 1,000 above last week and 7,000 head larger than the same week last year. Out side of the $119 trade on Wednesday’s FCE, few cash sales have been reported. Beef export sales in the week of 12/6 were reported at 10,337 MT for 2018 and 3,650 MT for 2019 in this morning’s Export Sales report.

Dec 18 Cattle are at $119.350, up $0.225,

Feb 19 Cattle are at $122.750, down $0.150,

Apr 19 Cattle are at $124.750, down $0.150,

Jan 19 Feeder Cattle are at $148.200, up $0.625

Mar 19 Feeder Cattle are at $146.000, up $0.725

Apr 19 Feeder Cattle are at $146.500, up $0.900

--provided by Brugler Marketing & Management

Cattle Market News and Commentary

Live cattle settled Wednesday with gains of 15 to 75 cents in most contracts. Feeder cattle futures were up 27.5 to 45 cents on the day. The CME feeder cattle index was up 96 cents on December 10 at $144.96. Wholesale beef prices were mixed again on yesterday afternoon, with the Ch/Select spread tightening to $10.68. Choice boxes were down $2.21 at $212.25, with the Select cutout value 18 cents higher at $201.57. USDA estimated week to date cattle slaughter at 361,00 head. That is 1,000 above last week and 7,000 head larger than the same week last year. Wednesday’s FCE auction saw 97 of the 156 head sold, with the single lot going for $119. Japanese tender results are expected this morning.

--provided by Brugler Marketing & Management

Cattle Market News and Commentary

Live cattle settled Wednesday with gains of 15 to 75 cents in most contracts. Feeder cattle futures were up 27.5 to 45 cents on the day. The CME feeder cattle index was up 96 cents on December 10 at $144.96. Wholesale beef prices were mixed again on Wednesday afternoon, with the Ch/Select spread tightening to $10.68. Choice boxes were down $2.21 at $212.25, with the Select cutout value 18 cents higher at $201.57. USDA estimated week to date cattle slaughter at 361,00 head. That is 1,000 above last week and 7,000 head larger than the same week last year. Wednesday’s FCE auction saw 97 of the 156 head sold, with the single lot going for $119.

Dec 18 Cattle closed at $119.125, up $0.750,

Feb 19 Cattle closed at $122.900, up $0.750,

Apr 19 Cattle closed at $124.900, up $0.375,

Jan 19 Feeder Cattle closed at $147.575, up $0.275

Mar 19 Feeder Cattle closed at $145.275, up $0.375

Apr 19 Feeder Cattle closed at $145.600, up $0.325

--provided by Brugler Marketing & Management

Cattle Market News and Commentary

Live cattle are up 30 to 67.5 cents at midday. Feeder cattle futures are trading 32.5 to 42.5 cents higher on Wednesday. The CME feeder cattle index was up 96 cents on December 10 at $144.96. Wholesale beef prices were mixed again on Wednesday morning, with the Ch/Select spread tightening to $9.93. Choice boxes were down $2.83 at $211.63, with the Select cutout value 31 cents higher at $201.70. USDA estimated week to date cattle slaughter at 241,00 head. That is 1,000 above last week and 7,000 head larger than the same week last year. Wednesday’s FCE auction saw 97 of the 156 head sold, with the single lot going for $119.

Dec 18 Cattle are at $119.000, up $0.625,

Feb 19 Cattle are at $122.825, up $0.675,

Apr 19 Cattle are at $124.850, up $0.325,

Jan 19 Feeder Cattle are at $147.725, up $0.425

Mar 19 Feeder Cattle are at $145.325, up $0.425

Apr 19 Feeder Cattle are at $145.600, up $0.325


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