Live cattle futures are showing losses of 37.5 cents in nearby June, with back months higher Feeder cattle futures are currently 67.5 to 90 cents higher The CME feeder cattle index was down $1.19 on June 14 at $152.73. Wholesale beef prices were mixed in the morning report, with choice boxes 13 cents higher at $249.87. Select was down 86 cents, with an average of $219.67. Cash sales this week have been in the $130 range in the North, with $128 in the South. Estimated FI cattle slaughter through Thursday was 467,000 head, up 1,000 from last week and 24,000 head more than the same week a year ago. Currently the total US export commitments for 2017 are 11.9% above last year.

Jun 17 Cattle are at $122.125, down $0.375,

Aug 17 Cattle are at $118.100, up $0.600,

Oct 17 Cattle are at $115.300, up $0.600,

Aug 17 Feeder Cattle are at $147.750, up $0.675

Sep 17 Feeder Cattle are at $147.300, up $0.900

Oct 17 Feeder Cattle are at $145.725, up $0.875

Market Commentary provided by:

Brugler Marketing & Management LLC
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Fax: 402-289-2353

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