Live cattle futures ended Thursday trade with losses of 10 cents to $2 in the nearby contracts, as back months were higher. Feeder cattle futures showed gains of 12.5 to 95 cents in most contracts. The CME feeder cattle index was down $1.19 on June 14 at $152.73. Wholesale beef prices were lower in the afternoon report, with choice boxes $1.29 lower at $249.74. Select was down 13 cents, with an average of $220.53. Cash cattle exchanged hands at around $130 in NE on Wednesday. There were a few sales of $128 in the South on Thursday. Estimated FI cattle slaughter through Thursday was 467,000 head, up 1,000 from last week and 24,000 head more than the same week a year ago. The export sales report showed 8,509 MT for 2017 sales, a drop of 38.4% from last week and 43.8% lower than a year ago. Export shipments were 17.1% above last week at 14,502 MT. The first official shipment of US beef is making its way to China via air.

Jun 17 Cattle closed at $122.500, down $2.000,

Aug 17 Cattle closed at $117.500, down $0.375,

Oct 17 Cattle closed at $114.700, down $0.100,

Aug 17 Feeder Cattle closed at $147.075, up $0.950

Sep 17 Feeder Cattle closed at $146.400, up $0.700

Oct 17 Feeder Cattle closed at $144.850, up $0.750

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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