Cattle Higher at Midday
BRUG - Thu Aug 22, 12:27PM CDT

Live cattle futures are 40 to 77.5 cents higher in most contracts on Thursday, with Aug up $2.15 ahead of next week’s expiration. Feeder cattle futures are up 30 cents to $1.175. The CME Feeder Cattle Index was 8 cents lower on August 20 at $137.18. Wholesale boxed beef prices are mixed. Choice boxes are down $2.39 at $239.35, with Select boxes $2.38 higher @ $218.08. USDA reported 17,251 MT of beef sold for export in the week that ended on August 15, with shipments at 15,603 MT. The USDA estimated the week to date FI cattle slaughter through Wednesday at 347,000 head, the same as the previous week, and 5,000 head below the same week last year. A few cash trades have been reported at $108-110 in the North.

AUG 19 Cattle are at $104.825, up $2.150,

OCT 19 Cattle are at $101.000, up $0.775,

DEC 19 Cattle are at $106.025, up $0.725,

AUG 19 Feeder Cattle are at $138.175, up $0.800

SEP 19 Feeder Cattle are at $136.475, up $1.175

OCT 19 Feeder Cattle are at $135.325, up $0.775

--- 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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.