Cattle Market News and Commentary
BRUG - Wed Jan 23, 12:14PM CST

Live cattle futures are trading 22.5 to 72.5 cents higher on Wednesday. Feeder cattle futures are up 97.5 cents to $1.975. The CME feeder cattle index was down 9 cents on January 21 at $141.62. Wholesale boxed beef prices were mixed on Wednesday morning. Choice boxes were up 40 cents at $216.74, with Select 16 cents lower at $211.56. USDA estimated this week’s FI cattle slaughter at 235,000 head through Tuesday. That is 4,000 head below last week and well above the same week last year. This morning’s FCE auction saw a total of 63 head sold (@ $123) of the 4,139 offered. Most asks were around $124-125, with packers passing.

Feb 19 Cattle are at $125.350, up $0.225,

Apr 19 Cattle are at $126.325, up $0.250,

Jun 19 Cattle are at $116.950, up $0.525,

Jan 19 Feeder Cattle are at $142.750, up $1.700

Mar 19 Feeder Cattle are at $143.425, up $1.925

Apr 19 Feeder Cattle are at $144.375, up $1.425

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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Web: http://bruglermarketing.com

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