Live cattle futures settled the Wednesday session with most nearby contracts $1.50 to $1.60 lower. Feeder cattle futures were down $2.20 to $2.625. The CME feeder cattle index was up $1.67 from the previous day at $145.08 on 7/10. Wholesale boxed beef values were mixed on Wednesday afternoon. Choice boxes were up 12 cents to $207.44, while Select boxes were $1.25 lower at $197.14. USDA estimated FI cattle slaughter through Wednesday at 359,000 head, up 6,000 the same week last year. No sales were reported on this morning’s FCE that saw 365 head offered. Bids of $108 were reported on Wednesday, with a few dressed sales of $175 in the North.

Aug 18 Cattle closed at $103.850, down $1.600,

Oct 18 Cattle closed at $106.250, down $1.575,

Dec 18 Cattle closed at $110.675, down $1.600,

Aug 18 Feeder Cattle closed at $149.400, down $2.450

Sep 18 Feeder Cattle closed at $149.425, down $2.625

Oct 18 Feeder Cattle closed at $149.950, down $2.200

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

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.