Live Cattle Higher, Feeders Lower

Live cattle futures are up 45 to 75 cents in most contracts on Friday. Feeder cattle futures are down 75 cents to $1.30, with pressure from strength in corn. The CME feeder cattle index was up $3.50 @ $139.32 on July 10. Wholesale boxed beef prices were mixed on Friday morning. Choice boxes were up 11 cents at $213.88 with Select boxes 17 cents lower @ $190.62. USDA estimated week to date FI cattle slaughter at 478,000 head. That was 2,000 head above the same week last year. USDA reported a few $182-185 sales in the beef and $114-115 live in the North on Thursday, with the South yet to show much action this week.

AUG 19 Cattle are at $108.500, up $0.625,

OCT 19 Cattle are at $109.925, up $0.600,

DEC 19 Cattle are at $114.225, up $0.450,

AUG 19 Feeder Cattle are at $141.600, down $1.025

SEP 19 Feeder Cattle are at $142.375, down $0.900

OCT 19 Feeder Cattle are at $142.675, down $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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