Cattle Settle Higher on Wednesday

Live cattle futures ended 22.5 to 87.5 cents higher on Wednesday. Feeder cattle futures settled Wednesday showing 90 cents to $1.575 gains. The CME Feeder Cattle Index was 8 cents lower on August 20 at $137.18. Wholesale boxed beef prices were higher on Wednesday. Choice boxes were up 4 cents at $241.74, with Select boxes $1.43 higher @ $215.70. The USDA estimated the week to date FI cattle slaughter through Wednesday at 347,000 head, the same as the previous week, and 5,000 head below the same week last year. Little cash action has taken place this week, with FCE showing asks of $108.25 in the North and $107 in the South on Wednesday, both passed by packers.

AUG 19 Cattle closed at $102.675, up $0.875

OCT 19 Cattle closed at $100.225, up $0.225

DEC 19 Cattle closed at $105.300, up $0.475

AUG 19 Feeder Cattle closed at $137.375, up $1.075

SEP 19 Feeder Cattle closed at $135.300, up $1.575

OCT 19 Feeder Cattle closed at $134.550, up $0.900

-- 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

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.