Thursday Cattle Making a Rebound

Live cattle futures are 15 to 27 cents higher for Thursday’s midday. Nearby feeder cattle futures are seeing gains of $1.32 to $1.50 for Jan and Mar, while Nov contracts remain unchanged at $146.80. 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 are continuing to rise. Choice boxes are up 51 cents at Thursday’s midday, and select boxes are higher by $1.45. The USDA has indicated a few early $181 dressed purchases for the WCB. The USDA estimated cattle slaughter is ahead of last week’s pace, with a running weekly total of 352,000 head through Wednesday.

Dec 19 Cattle are at $119.175, up $0.175,

Feb 20 Cattle are at $124.850, up $0.150,

Apr 20 Cattle are at $125.825, up $0.275,

Nov 19 Feeder Cattle are at $146.800, unch,

Jan 20 Feeder Cattle are at $145.750, up $1.325

Mar 20 Feeder Cattle are at $145.475, up $1.500

--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.