futures are $2.475 to $2.825 lower, after most contracts hit limit losses earlier in the day. The CME feeder cattle index was up 6 cents on June12 at $154.21. Wholesale beef prices were higher in the morning report, with choice boxes up 51 cents at $251.70. Select was 65 cents higher, with an average of $222.10. Trade data from the FCE was unavailable this morning due to technical problems. Cash cattle have exchanged hands at around $130 in NE so far today, with bids of $128 in the South. Tuesday trade was around $130-$134. Estimated FI cattle slaughter through Tuesday was 234,000 head, up 1,000 from last week and +12,000 head from the same week a year ago.

Jun 17 Cattle are at $125.125, down $2.375,

Aug 17 Cattle are at $118.725, down $2.150,

Oct 17 Cattle are at $115.400, down $1.975,

Aug 17 Feeder Cattle are at $147.475, down $2.475

Sep 17 Feeder Cattle are at $147.075, down $2.625

Oct 17 Feeder Cattle are at $145.500, down $2.825

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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