Cattle

Live cattle futures ended Thursday with most contracts a nickel to 22.5 cents higher. Feeder cattle futures were mixed with the front months 12.5 to 85 cents in the red and back months higher. The CME feeder cattle index on January 10 was $148.81, down $2.78 from the previous day. Wholesale boxed beef values were lower on Thursday afternoon. Choice boxes averaged 99 cents lower at $209.07, with Select boxes down 28 cents per cwt at $202.95. Estimated weekly FI cattle slaughter was 472,000 head through Thursday. That is 7,000 head more than the same week last year. The USDA reported weekly Beef export sales of 14,705 MT for the week ending Jan 4. There were 38,249 MT carried over from 2017 unshipped sales into 2018.




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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at  http://bit.ly/Harvest2Fer.


 

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.