Live cattle futures ended the Thursday session with most contracts 37.5 cents to $1.95 lower. Feeder cattle futures were 72.5 cents to $1.30 in the red. The CME feeder cattle index was down 11 cents from the previous day on 8/8, reaching $150.45. Wholesale boxed beef values were mixed on Thursday afternoon. Choice boxes were up 33 cents at $206.06, while Select boxes were 77 cents lower at $198.09. Weekly FI cattle slaughter was estimated at 472,000 head through Thursday. That is up 5,000 head from the previous week and 9,000 head above the same week in 2017. Export sales of beef in the week of 8/2 were tallied at 14,560 MT, a slight drop from the previous week. Beef exports in that week were reported at 18,328 MT A few cash sales of $110-111.50 live and $178-179 were reported in the North on Thursday

Aug 18 Cattle closed at $108.250, down $1.575,

Oct 18 Cattle closed at $109.050, down $1.950,

Dec 18 Cattle closed at $112.975, down $1.550,

Aug 18 Feeder Cattle closed at $149.350, down $1.300

Sep 18 Feeder Cattle closed at $149.025, down $0.725

Oct 18 Feeder Cattle closed at $149.200, down $0.775

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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.