Cattle
BRUG - Mon Aug 21, 11:35AM CDT

Live cattle futures are mixed at midday, with nearby Aug down 57.5 cents. Feeder cattle futures are 70 cents to $1.025 lower. The CME feeder cattle index was 36 cents higher than the previous day at $144.80 for August 17. Wholesale beef prices were lower again in the Monday morning report, with choice down 8 cents at $193.51 and select boxes 6 cents lower at $192.44. The CH/SE spread has now narrowed to $1.07. Cash sales of $110-$110.50 were reported across most regions last week, down $5 from the previous week. Weekly FI cattle slaughter was estimated at 634,000 head, 7,000 fewer than the previous week but 32,000 larger than the same week last year. The Commitments of Traders report showed managed money a little more aggressive in getting out of their net long position in live cattle futures and options this week. They lowered that position by 13,593 contracts to +81,175 as of Tuesday.

Aug 17 Cattle are at $105.800, down $0.575,

Oct 17 Cattle are at $105.975, up $0.075,

Dec 17 Cattle are at $108.025, up $0.175,

Aug 17 Feeder Cattle are at $139.775, down $0.725

Sep 17 Feeder Cattle are at $139.000, down $1.025

Oct 17 Feeder Cattle are at $139.225, down $0.700




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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