Modest Gains for Cattle Thus Far for Wednesday
BRUG - Wed Oct 09, 12:29PM CDT

Live cattle futures see 47 to 90 cent gains so far Wednesday. Feeder cattle futures are higher Wednesday by $2.42 to $3.95. The CME Feeder Cattle Index was down 2 cents on Oct. 7 at $144.41. Wholesale boxed beef sees another widening of choice/select spread so far this Wednesday, currently to $28.30. Choice boxes were up 86 cents to $214.46 and Select boxes down 90 cents to $186.16. USDA estimated FI cattle slaughter WTD through Tuesday at 233,000 head, down 1,000 head from last year a week ago. Wednesday’s FCE online auction saw no sales on the 666 head offered, with asks ranging from $108-109. Outside of that bids of $105 have been reported, with $110 asks.

OCT 19 Cattle are at $108.750, up $0.575,

DEC 19 Cattle are at $111.750, up $0.900,

FEB 20 Cattle are at $117.775, up $1.075,

OCT 19 Feeder Cattle are at $145.175, up $3.150

NOV 19 Feeder Cattle are at $145.200, up $3.950

JAN 19 Feeder Cattle are at $140.250, up $3.500

--provided by Brugler Marketing & Management

Market Commentary provided by:

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