Thursday Cattle Made Some Gains

Live cattle futures were 17 to 32 cents higher after Thursday’s session. Nearby feeder cattle futures ended with $1.35 to $1.52 cent gains, save for Nov which lost 2 cents. The USDA’s weekly export sales report showed beef shipments’ of 15,833 MT. Japan and Taiwan were the leading destinations each with a 25.9% share. The accumulated exports for Beef are 672,502 MT, which is down 6.61%. The net new export sales were 10,127 MT for the week. The 11/05 CME Feeder Cattle index was up 2 cents to $146.26. Wholesale boxed beef prices higher again. Choice boxes are up another $1.15 to $238.29, and select boxes gained $1.49 to close at $213.02. The USDA has indicated a few dressed purchases @ $181- $182 in Nebraska. The USDA estimated cattle slaughter WTD is 470,000 head. The weekly cattle slaughter under federal inspection for the week ending 10/26 saw 640,269 head (0.83% above the same week last year) at an average dressed weight of 826 lbs. The Report showed the highest weekly cow slaughter since week 20 of 2013, and we are on pace to have the highest since that year.

DEC 19 Cattle closed at $119.175, up $0.175,

FEB 19 Cattle closed at $125.000, up $0.300,

APR 20 Cattle closed at $125.875, up $0.325,

NOV 19 Feeder Cattle closed at $146.775, down $0.025

JAN 19 Feeder Cattle closed at $145.775, up $1.350

MAR 19 Feeder Cattle closed at $145.500, up $1.525

--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.