Cattle Market Quiet for a Moment
BRUG - Fri Jun 07, 7:30AM CDT

Live cattle futures were up 12.5 to 30 cents in most contracts on Thursday, with June down a quarter. Feeder cattle futures were mixed, with contracts anywhere from 17.5 cents lower to 7.5 cents higher. The CME feeder cattle index was down 15 cents to $131.73 on June 5. Wholesale boxed beef prices were mixed on Thursday afternoon. Choice boxes were up 14 cents at $222.25 with Select boxes 2 cents lower @ $207.16. USDA shows FI cattle slaughter WTD at 481,000 head. That is 2,000 head larger than the same week last year. Cash trade this week has been around $113 in the South and $114 in the North. Both are $2 lower than last week. There have also been carcass based sales @$184 in NE. Weekly Beef export sales for the week of May 3 totaled 16,704 MT, with weekly shipments hitting 17,892 MT.

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
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Web: http://bruglermarketing.com

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