Brugler Marketing and Management, LLC - BRUG - Thu Jul 12, 12:05PM CDT

Live cattle futures are up 92.5 cents to $1.35 at midday. Feeder cattle futures are 87.5 cents to $1 higher on Thursday. The CME feeder cattle index was up $1.67 from the previous day at $145.08 on 7/10. Wholesale boxed beef values were lower on Thursday morning. Choice boxes were down 82 cents to $206.62, while Select boxes were 34 cents lower at $196.80. USDA estimated FI cattle slaughter through Wednesday at 359,000 head, up 6,000 the same week last year. Cash bids of $108 are still being reported this morning. All beef export sales in the week of 7/5 rose to 16,226 MT, with shipments shown at 15,285 MT. The USDA showed total US beef consumption in 2018 up 25 million pounds to 27.15 billion in their months S&D update.

Aug 18 Cattle are at $104.950, up $1.100,

Oct 18 Cattle are at $107.600, up $1.350,

Dec 18 Cattle are at $111.600, up $0.925,

Aug 18 Feeder Cattle are at $150.400, up $1.000

Sep 18 Feeder Cattle are at $150.325, up $0.900

Oct 18 Feeder Cattle are at $150.825, up $0.875

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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