Cattle Mixed on Thursday
BRUG - Thu May 16, 12:24PM CDT

Live cattle futures are steady to 70 cents higher at midday. Feeder cattle futures are marginally mixed, with nearby May down $2.425. The CME feeder cattle index was down 30 cents to $134.77 on May 14. Wholesale boxed beef prices were lower on Thursday morning. Choice boxes were down 9 cents at $219.48 with Select boxes 3 cents lower @ $208.01. 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. Cash sales have been reported at ~$117 this week. Weekly beef export sales were reported at 16,941 MT, down from last week but up 54.54% from the same week in 2018. Shipments were reported at 18,225 MT, the second largest this MY.

Jun 19 Cattle are at $109.700, up $0.025,

Aug 19 Cattle are at $107.275, up $0.300,

Oct 19 Cattle are at $107.150, up $0.400,

May 19 Feeder Cattle are at $133.500, down $2.425

Aug 19 Feeder Cattle are at $141.925, down $0.350

Sep 19 Feeder Cattle are at $142.875, down $0.350

--provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
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