Cattle Market Mixed at Midday

Live cattle futures are down so far at midday. Dec futures are in deliveries with a 15-cent decrease. Feeder cattle futures are up at midday, with gains of 62 to 77 cents in the font months. The 12/06 CME Feeder Cattle index was $143.48 lower by $1.01. Wholesale boxed beef prices are lower. Choice boxes were 50 cents lower this morning at $223.14. Select boxes dropped by $1.21 at $205.28. Tomorrow’s online Fed Cattle Exchange will offer 1068 head, with 600 head from Nebraska, 253 head from KS and TX offering 215 head. Estimated cattle slaughter under federal inspection starts the week with 121,000 head on Monday.

Dec 19 Cattle are at $120.025, down $0.150,

Feb 20 Cattle are at $124.700, down $0.050,

Apr 20 Cattle are at $125.200, down $0.200,

Jan 20 Feeder Cattle are at $142.150, up $0.625

Mar 20 Feeder Cattle are at $142.975, up $0.700

Apr 20 Feeder Cattle are at $144.925, up $0.775

---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
E-mail: [email protected]

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.