AgriCharts Market Commentary

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Cattle Market News and Commentary

Live cattle futures closed with 35 to 65 cent gains in most contracts, with nearby Feb down 57.5 cents. Feb was up 1.24% this week. Feeder cattle futures were steady to 30 cents higher, as March was a dime lower. Jan was down $3.20 on the week. The CME feeder cattle index was down $1.04 on January 17 at $142.05. Wholesale boxed beef prices were higher on Friday afternoon, with the Ch/Se spread tightening to $3.70. Choice boxes were up 65 cents at $212.15, with Select $1.95 81 at $209.45. USDA estimated week to date FI cattle slaughter at 620,000 head through Saturday. That is 6,000 head below last week and 7,000 head larger than the same week last year. Cash trade was mostly seen around $124 on Friday afternoon.

Feb 19 Cattle closed at $126.525, down $0.575,

Apr 19 Cattle closed at $127.375, up $0.475,

Jun 19 Cattle closed at $117.450, up $0.625,

Jan 19 Feeder Cattle closed at $141.450, up $0.025

Mar 19 Feeder Cattle closed at $142.825, down $0.100

Apr 19 Feeder Cattle closed at $144.400, up $0.175

--provided by Brugler Marketing & Management

Cattle Market News and Commentary

Live cattle futures are mostly 20 to 55 cents higher at midday, with nearby Feb down 70 cents. Feeder cattle futures are steady to 35 cents in positive territory. The CME feeder cattle index was down $1.10 on January 16 at $143.09. Wholesale boxed beef prices were higher on Friday morning, with the Ch/Se spread tightening to $3.28. Choice boxes were up 37 cents at $212.87, with Select $1.95 higher at $209.59. USDA estimated week to date FI cattle slaughter at 480,000 head through Thursday. That is 3,000 head above last week and 13,000 head larger than the same week last year. Cash bids are mostly $122-123 on Friday, with asks still around $127-130.

Feb 19 Cattle are at $126.400, down $0.700,

Apr 19 Cattle are at $127.100, up $0.200,

Jun 19 Cattle are at $117.325, up $0.500,

Jan 19 Feeder Cattle are at $141.775, up $0.350

Mar 19 Feeder Cattle are at $142.925, unch,

Apr 19 Feeder Cattle are at $144.400, up $0.175

--provided by Brugler Marketing & Management

Cattle Market News and Commentary

Live cattle futures closed the Thursday session with most contracts 60 to 85 cents lower. Feeder cattle futures were down 72.5 cents to $2.35 in most contracts. The CME feeder cattle index was down $1.10 on January 16 at $143.09. Wholesale boxed beef prices were higher on Thursday afternoon. Choice boxes were up 57 cents at $212.50, with Select up 70 cents at $207.64. USDA estimated week to date FI cattle slaughter at 480,000 head through Thursday. That is 3,000 head above last week and 13,000 head larger than the same week last year. Cash trade so far this week has been limited with bids of $197 in NE vs. asks of $202-203.

Cattle Market News and Commentary

Live cattle futures closed the Thursday session with most contracts 60 to 85 cents lower. Feeder cattle futures were down 72.5 cents to $2.35 in most contracts. The CME feeder cattle index was down $1.10 on January 16 at $143.09. Wholesale boxed beef prices were higher on Thursday afternoon. Choice boxes were up 57 cents at $212.50, with Select up 70 cents at $207.64. USDA estimated week to date FI cattle slaughter at 480,000 head through Thursday. That is 3,000 head above last week and 13,000 head larger than the same week last year. Cash trade so far this week has been limited with bids of $197 in NE vs. asks of $202-203.

Feb 19 Cattle closed at $127.100, down $0.725,

Apr 19 Cattle closed at $126.900, down $0.825,

Jun 19 Cattle closed at $116.825, down $0.675,

Jan 19 Feeder Cattle closed at $141.425, down $2.350

Mar 19 Feeder Cattle closed at $142.925, down $1.775

Apr 19 Feeder Cattle closed at $144.225, down $1.325

--provided by Brugler Marketing & Management

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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com