Brugler Marketing and Management, LLC - BRUG - Wed Jul 11, 11:56AM CDT

Live cattle futures are trading $1.95 to $2.25 lower in most contracts on Wednesday. Feeder cattle futures are down $3.40 to $3.75. The CME feeder cattle index was up 27 cents from the previous day at $146.75 on 7/9. Wholesale boxed beef values were mixed on Wednesday morning. Choice boxes were up 66 cents to $207.66, while Select boxes were $1.08 lower at $197.31. USDA estimated FI cattle slaughter through Tuesday at 239,000 head, 3,000 head more than last week and up 2,000 the same week last year. No sales were reported on this morning’s FCE that saw 365 head offered. Bids of $108 are being reported so far this morning.

Aug 18 Cattle are at $103.200, down $2.250,

Oct 18 Cattle are at $105.875, down $1.950,

Dec 18 Cattle are at $110.200, down $2.075,

Aug 18 Feeder Cattle are at $148.450, down $3.400

Sep 18 Feeder Cattle are at $148.300, down $3.750

Oct 18 Feeder Cattle are at $148.750, down $3.400

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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