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Cattle Market Commentary
cmdty Insider - BRUG - Thu Nov 08, 5:01PM CST

Live cattle futures posted 25 to 55 cent gains in most contracts on Thursday. Feeder cattle futures were up 25 to 45 cents. The CME feeder cattle index was down 65 cents on November 7 at $152.23. Wholesale boxed beef prices were sharply lower on Thursday afternoon. Choice boxes were down $2.15 @ $216.07, with Select $2.66 lower at $199.11. USDA estimated FI cattle slaughter WTD at 473,000 head. That is 1,000 above the previous week and 5,000 head larger than the same day last year. USDA reported a few $180 dressed sales in the WCB today, but most cash trade has yet to occur. Export sales of beef in the week of 11/1 were tallied at 11,504 MT this morning, with shipments in that week at 16,003 metric tonnes (MT). The USDA S&D table showed 2018 beef production down 30 million pounds at 26.914 billion. Beef production for 2019 was 100 million lower at 27.810 billion pounds on lower first quarter production.

Dec 18 Cattle closed at $116.550, up $0.450,

Feb 19 Cattle closed at $119.875, up $0.275,

Apr 19 Cattle closed at $121.875, up $0.550,

Nov 18 Feeder Cattle closed at $150.175, up $0.250

Jan 19 Feeder Cattle closed at $146.275, up $0.450

Mar 19 Feeder Cattle closed at $144.475, up $0.300

--provided by Brugler Marketing & Management

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