Cattle
BRUG - Fri Aug 18, 7:19AM CDT
Live cattle futures fell 87.5 cent to $2.35 on Thursday, as weaker cash trade was reported. Feeder cattle futures were $1.375 to $2.40 lower. The CME feeder cattle index was 5 cents lower than the previous day at $144.44 for August 16. Wholesale beef prices were lower again in the Thursday afternoon report, with choice down $1.88 at $195.63 and select boxes 84 cents lower at $194.20. The CH/SE spread has now narrowed to only $1.43, the lowest since February 20. Cash sales of $110-$110.50 were reported across most regions yesterday, down $5 from last week. Week to date FI cattle slaughter was estimated at 467,000 head through Thursday, 2,000 fewer than last week but 14,000 larger than the same week last year. Total beef export commitments are 5.7% larger than last year.



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