Cattle Market News and Commentary

Live cattle settled Wednesday with gains of 15 to 75 cents in most contracts. Feeder cattle futures were up 27.5 to 45 cents on the day. The CME feeder cattle index was up 96 cents on December 10 at $144.96. Wholesale beef prices were mixed again on Wednesday afternoon, with the Ch/Select spread tightening to $10.68. Choice boxes were down $2.21 at $212.25, with the Select cutout value 18 cents higher at $201.57. USDA estimated week to date cattle slaughter at 361,00 head. That is 1,000 above last week and 7,000 head larger than the same week last year. Wednesday’s FCE auction saw 97 of the 156 head sold, with the single lot going for $119.

Dec 18 Cattle closed at $119.125, up $0.750,

Feb 19 Cattle closed at $122.900, up $0.750,

Apr 19 Cattle closed at $124.900, up $0.375,

Jan 19 Feeder Cattle closed at $147.575, up $0.275

Mar 19 Feeder Cattle closed at $145.275, up $0.375

Apr 19 Feeder Cattle closed at $145.600, up $0.325

--provided by Brugler Marketing & Management

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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