Cattle Market News and Commentary

Live cattle futures saw slight gains in the front months on Thursday. Feeder cattle futures were mixed, with nearby Jan down 7.5 cents. The CME feeder cattle index was down 15 cents on January 9 at $145.55. Wholesale boxed beef prices were higher on Thursday afternoon. Choice boxes were up 12 cents at $213.96, with Select $1.30 higher at $207.77. USDA estimated WTD FI cattle slaughter at 477,000 head through Thursday. That was 5,000 head above the same week last year. As of Thursday, bids were scarce with a $119 live in TX and $192 in NE reported. Asks are up around $125-126 and $200 respectively.

Feb 19 Cattle closed at $124.875, up $0.075,

Apr 19 Cattle closed at $125.925, up $0.125,

Jun 19 Cattle closed at $117.375, up $0.125,

Jan 19 Feeder Cattle closed at $146.750, down $0.075

Mar 19 Feeder Cattle closed at $145.075, up $0.175

Apr 19 Feeder Cattle closed at $145.675, up $0.200

--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

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