Cattle Market Commentary

Live cattle futures saw $1.05 to $1.80 gains in the nearby contracts on Monday. Feeder cattle futures were up 40 to 80 cents in most contracts. The CME feeder cattle index was down $1.22 on October 12 at $156.26. Wholesale boxed beef prices were mixed on Monday afternoon, widening the Ch/Se spread to $12.91. Choice boxes were up $2.09 @ $204.80, with Select down 39 cents to $191.89. FI cattle slaughter on Monday was estimated at 119,000 head. That is 5,000 above the previous week and 8,000 head larger than last year.

Oct 18 Cattle closed at $113.375, up $1.050,

Dec 18 Cattle closed at $117.975, up $1.800,

Feb 19 Cattle closed at $121.700, up $1.300,

Oct 18 Feeder Cattle closed at $155.100, up $0.400

Nov 18 Feeder Cattle closed at $155.225, up $0.600

Jan 19 Feeder Cattle closed at $150.525, up $0.775

--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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