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




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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