Cattle Prices Up

Live cattle futures are $.90 to $1.225 higher in Tuesdays trading. Feeder cattle futures are 90 cents higher to $136.575. The CME Feeder Cattle Index is down $1.27 on August 16 at $136.33. Wholesale boxed beef prices were again higher on Tuesday. Choice boxes are up $3.50 at $242.63, with Select boxes are 45 cents higher @ $214.97. A COF pre-report survey of analysts shows an average of estimates of cattle on feed up just 0.8% compared to last August 1. July marketing are seen at 106.4% of last July, with placements up 0.1%. 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.

AUG 19 Cattle are at $101.425, up $1.225,

OCT 19 Cattle are at $99.450, up $1.225,

DEC 19 Cattle are at $104.625, up $0.900,

AUG 19 Feeder Cattle are at $136.575, up $0.900

SEP 19 Feeder Cattle are at $134.000, up $1.175

OCT 19 Feeder Cattle are at $133.925, up $0.750

-- provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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