Live Cattle Higher, Feeders Lower on Wednesday
BRUG - Wed May 15, 5:10PM CDT

Live cattle futures saw marginal gains in most contracts on Wednesday. Feeder cattle futures were down 7.5 to 60 cents in most contracts. The CME feeder cattle index was down 30 cents to $134.77 on May 14. Wholesale boxed beef prices were lower on Wednesday afternoon. Choice boxes were down 55 cents at $219.57 with Select boxes 93 cents lower @ $208.04. USDA estimated weekly FI cattle slaughter at 363,000 head through Wednesday. That was up 1,000 head from the previous week and 6,000 above the same week last year. Wednesday’s FCE online auction saw sales on 280 of the 376 head at $117. Most other cash sales around the country today were also $117.

Jun 19 Cattle closed at $109.675, up $0.175,

Aug 19 Cattle closed at $106.975, up $0.250,

Oct 19 Cattle closed at $106.750, up $0.275,

May 19 Feeder Cattle closed at $135.925, down $0.075

Aug 19 Feeder Cattle closed at $142.275, down $0.225

Sep 19 Feeder Cattle closed at $143.225, down $0.350

--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

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.