Cattle

Live cattle futures finished the Wednesday session with 52.5 cents to $1.275 losses. Feeder cattle futures were down $1.65 to $2.075. The CME feeder cattle index on December 5 was down 29 cents to $156.11. Wholesale boxed beef values were sharply lower on Wednesday afternoon. Choice was down $2.68 at $206.40, with select $2.52 lower at $184.11. Estimated WTD FI slaughter was at 358,000 head through Wednesday, 1,000 above last week and 15,000 head larger than the same week last year. The online FCE auction again showed no sales as 2 offers were passed by feedlots at $117.25 and $117.50. There were a few cash trades of $117 to $118.5 on Wednesday. US export trade data from October shows a record for that month at 259.996 million pounds of beef shipped. That is 13.6% larger than a year ago and 7% above September.




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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at  http://bit.ly/Harvest2Fer.


 

Did June and July leave you with painful grain marketing memories?
Contact Brugler TODAY to discover which of our services is the right prescription for you!
Request product samples and a quick tour of our services here.

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.