Live cattle futures posted gains of 20 to 67.5 cents in the back months, as June, down 7.28% on the week, was 80 cents lower. Feeder cattle futures were 42.5 to 97.5 cents in the green on Friday, after a week that saw August drop 4.09% The CME feeder cattle index was down $1.66 on June 15 at $151.07. Wholesale beef prices were mixed in the afternoon report, with choice boxes 10 cents higher at $249.84. Select was down 73 cents, with an average of $219.80. Cash sales this week have been in the $130 range in the North, with $128 in the South. Estimated FI cattle slaughter through tomorrow is 628,000 head, up 6,000 from last week and 22,000 head more than the same week a year ago.

Jun 17 Cattle closed at $121.700, down $0.800,

Aug 17 Cattle closed at $118.175, up $0.675,

Oct 17 Cattle closed at $115.350, up $0.650,

Aug 17 Feeder Cattle closed at $147.875, up $0.800

Sep 17 Feeder Cattle closed at $147.350, up $0.950

Oct 17 Feeder Cattle closed at $145.825, up $0.975

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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