Cattle Market Commentary

Live cattle futures ended Thursday with most contracts steady to 65 cents in the red. Feeder cattle futures were down 10 to 60 cents, with nearby Sept up 50 cents. The CME feeder cattle index on September 19 was up $1.38 at $154.46. Wholesale boxed beef values were higher on Thursday afternoon. Choice boxes were up 27 cents to $204.52, while Select boxes were 73 cents higher at $194.91. USDA estimated FI cattle slaughter at 473,000 head through Thursday. That is down 3,000 from last week but 7,000 head above the same week in 2017. Analysts are expecting (Reuters survey) that the USDA will show September 1 Cattle on Feed at 11.067 million head, up 5.4% from last year. Export sales of 15,894 MT for beef in the week of 9/13 were reported this morning. Weekly exports were shown at 17,336 MT. A few dressed sales of $175 in the North were reported on Thursday.

OCT 18 Cattle closed at $112.450, down $0.650,

DEC 18 Cattle closed at $117.900, down $0.075,

FEB 19 Cattle closed at $121.600, down $0.250,

SEP 18 Feeder Cattle closed at $156.025, up $0.500

OCT 18 Feeder Cattle closed at $157.725, down $0.150

NOV 18 Feeder Cattle closed at $157.600, down $0.125




Market Commentary provided by:

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