Cattle

Live cattle futures finished last week with most contracts 45 to 90 cents in the red. Feeder cattle futures were down $1 to $2.175. The CME feeder cattle index will be delayed due to reporting issues with the USDA cash data. Wholesale beef prices were mixed on Friday afternoon. Choice was down $3 at $207.24, with select boxes 2 cents higher at $187.85. USDA indicated weekly FI cattle slaughter at 639,000 head through Saturday, 16,000 larger than a week ago and 10,000 above the same week in 2016. The Cattle on Feed report showed Nov 1 on feed numbers at 11.332 million head and 6.25% larger than last year. That is also the largest on feed number since Dec 2012. Placements of cattle in October were 10.23% larger than a year ago at 2.393 million head, with marketings of 1.801 million head, 5.63% above last year.




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

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