Cattle Market Steady on Strong Packer Margins

Live cattle futures were $.175 to $.275 cents higher in the front months Monday. Feeder cattle futures closed 32.5 cents to $1.10 higher with nearby August the strongest. The CME Feeder Cattle Index is down $1.27 on August 16 at $136.33. Wholesale boxed beef prices were again higher on Monday afternoon. Choice boxes were up 44 cents at $239.13, with Select boxes $1.26 higher @ $214.52. The USDA estimated the FI cattle slaughter for Monday was 115,000 head, the same as the previous Monday, and 2,000 head below the same week last year. Last week’s cash trade was $106-107, with a few at $107-111 in the WCB according to USDA.

-- 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

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.