Cattle Stronger

Live cattle futures are higher at midday. August is up $.55, with deferred contracts higher by $.30-$.40. Feeder cattle futures are also rising. The front months show increases of $.325-$.425. The CME Feeder Cattle Index was down 74 cents on August 14 at $139.15. Wholesale boxed beef prices continued their sharp rise on Labor Day wholesale buying and tight supplies. Choice boxes were higher again Friday midday by $3.78 to $237.85, with Select boxes $2.00 higher @ $212.67. The USDA estimated the week to date FI cattle slaughter at 463,000 head, 13,000 head less than the previous week and 11,000 head below the same week last year. There were a few live purchases reported in the North, with prices reported at $105-106.

AUG 19 Cattle are at $100.750, up $0.550,

OCT 19 Cattle are at $98.925, up $0.400,

DEC 19 Cattle are at $104.575, up $0.300,

AUG 19 Feeder Cattle are at $136.200, up $0.425

SEP 19 Feeder Cattle are at $133.650, up $0.350

OCT 19 Feeder Cattle are at $134.075, up $0.325

-- 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: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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