Cattle Market Commentary

Live cattle futures closed 30 to 85 cents lower in the nearby contracts. Feeder cattle futures were down $1.27 to $2.12 on rising feed costs. The CME feeder cattle index was down a penny on October 10 at $158.37. Wholesale beef prices were mixed this week. Choice boxes were 54 cents lower (-0.3%) while Select rose 54 cents (+0.3%). Weekly beef production was down 0.4% from the previous week but 3.2% larger than the same week a year ago. Weekly FI slaughter was estimated at 639,000 head, which would be 4,000 below last week. US Beef export sales in the week of 10/4 totaled 13,305 MT, up 2.3% from the same week last year. Exports in that week totaled a MY high 21,265 MT.

Oct 18 Cattle closed at $112.325, down $0.300,

Dec 18 Cattle closed at $116.175, down $0.600,

Feb 19 Cattle closed at $120.400, down $0.850,

Oct 18 Feeder Cattle closed at $154.700, down $2.025

Nov 18 Feeder Cattle closed at $154.625, down $2.125

Jan 19 Feeder Cattle closed at $149.750, down $1.750

--provided by Brugler Marketing & Management, Call (402) 289-2330




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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