Cattle Higher at Midday

Live cattle futures are 40 to 77.5 cents higher in most contracts on Thursday, with Aug up $2.15 ahead of next week’s expiration. Feeder cattle futures are up 30 cents to $1.175. The CME Feeder Cattle Index was 8 cents lower on August 20 at $137.18. Wholesale boxed beef prices are mixed. Choice boxes are down $2.39 at $239.35, with Select boxes $2.38 higher @ $218.08. USDA reported 17,251 MT of beef sold for export in the week that ended on August 15, with shipments at 15,603 MT. 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. A few cash trades have been reported at $108-110 in the North.

AUG 19 Cattle are at $104.825, up $2.150,

OCT 19 Cattle are at $101.000, up $0.775,

DEC 19 Cattle are at $106.025, up $0.725,

AUG 19 Feeder Cattle are at $138.175, up $0.800

SEP 19 Feeder Cattle are at $136.475, up $1.175

OCT 19 Feeder Cattle are at $135.325, up $0.775

--- provided by Brugler Marketing & Management




Market Commentary provided by:

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