Cattle Market Ends Higher on Thursday

Live cattle futures traded in both directions on Thursday but ultimately were 10 to 67 cents higher at the closing bell. October fats ended the session with a nickel loss. Front month feeder cattle futures rallied after posting midday losses and ended the day with triple digit gains in Aug and Sept. The May 26 Feeder Cattle Index from CME was 33 cents lower to $126.11. On Thursday reported cash trades went for $115 and for $119 to $120. Sales were reported at $120 in the South, and $178 to $190 for Dressed. Wholesale boxed beef prices were reduced further on Thursday, Choice boxes were $8.21 lower and Select boxes were down by $6.11. Thursday’s 110,000 head cattle slaughter brought the shortened week’s total up to 330,000. FI slaughter from the same week last year was 369,000.

Jun 20 Cattle closed at $101.475, up $0.675,

Aug 20 Cattle closed at $101.175, up $0.450,

Oct 20 Cattle closed at $102.800, down $0.050,

Aug 20 Feeder Cattle closed at $135.500, up $1.475

Sep 20 Feeder Cattle closed at $136.250, up $1.175

Oct 20 Feeder Cattle closed at $136.775, up $0.850

--- provided by Brugler Marketing & Management

Market Commentary provided by:

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