Cattle Market News and Commentary

Live cattle futures are 25 to 40 cents higher at midday. Feeder cattle futures are up 10 to 30 cents in the front months. The CME feeder cattle index was up 7 cents on January 8 at $145.70. Wholesale boxed beef prices were higher on Thursday morning. Choice boxes were up 61 cents at $214.45, with Select 58 cents higher at $207.05. USDA estimated WTD FI cattle slaughter at 357,000 head through Wednesday. That was 4,000 head above the same week last year. As of Thursday morning, bids are scarce with a $119 live in TX and $192 in NE reported. Asks are up around $125-126 and $200 respectively.

Feb 19 Cattle are at $125.050, up $0.250,

Apr 19 Cattle are at $126.200, up $0.400,

Jun 19 Cattle are at $117.675, up $0.425,

Jan 19 Feeder Cattle are at $146.925, up $0.100

Mar 19 Feeder Cattle are at $145.225, up $0.325

Apr 19 Feeder Cattle are at $145.775, up $0.300

--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

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