Cattle Posting Gains at Midday

Live cattle futures are up 12.5 to 77.5 cents on Wednesday. Feeder cattle futures are showing 7.5 to 90 cent gains at midday. The CME Feeder Cattle Index was 93 cents higher on August 19 at $137.26. August FC futures expire on 8/29. Wholesale boxed beef prices were higher on Wednesday morning. Choice boxes were up 46 cents at $242.16, with Select boxes $1.56 higher @ $215.83. The USDA estimated the week to date FI cattle slaughter thru Tuesday was 231,000 head, the same as the previous week, and 4,000 head below the same week last year. Little cash action has taken place this week, with FCE showing asks of $108.25 in the North and $107 in the South on Wednesday, both passed by packers.

AUG 19 Cattle are at $102.375, up $0.575,

OCT 19 Cattle are at $100.125, up $0.125,

DEC 19 Cattle are at $105.125, up $0.300,

AUG 19 Feeder Cattle are at $136.600, up $0.300

SEP 19 Feeder Cattle are at $134.625, up $0.900

OCT 19 Feeder Cattle are at $133.725, up $0.075

-- provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
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