Cattle

Live cattle futures settled with nearby contracts mixed and back months higher on Monday. Feeder cattle futures were mostly 57.5 cents to $1.075 higher. The CME feeder cattle index was up 75 cents from the previous day at $149.01 on September 8. Wholesale beef prices were mixed in the Monday afternoon report, with the Ch/Se spread narrowing to $1.18. Choice was down 32 cents at $191.56, as select boxes were 41 cents higher at $190.38. FI cattle slaughter was estimated at 116,000 head on Monday, which is 5,000 head larger than the same week in 2016. Cash trade was mostly around $105 last week; steady with the prior week and below the nearby futures.

Oct 17 Cattle closed at $107.200, down $0.125,

Dec 17 Cattle closed at $112.875, up $0.025,

Feb 18 Cattle closed at $116.550, down $0.075,

Sep 17 Feeder Cattle closed at $148.450, up $0.575

Oct 17 Feeder Cattle closed at $149.350, up $0.925

Nov 17 Feeder Cattle closed at $149.300, up $1.075




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

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