Live cattle futures are down a dime to 20 cents in the nearby contracts. Feeder cattle futures are showing gains of $1.45 to $1.55 due to weakness in the grains. The CME feeder cattle index was down 44 cents on July 11 at $148.72. Wholesale beef prices were again lower in the Thursday morning report, with choice boxes down $2.12 at $210.57. Select was 43 cents lower, with an average of $198.30. Estimated FI cattle slaughter was 357,000 head through Wednesday, 16,000 above the same week last year. A few cash sales of $120 have been reported so far today. There were 12,489 MT of beef export sales for 2017 reported in this morning’s export sales report, down 26.7% from last week and just 2.2% from the same time last year.

Aug 17 Cattle are at $117.675, down $0.200,

Oct 17 Cattle are at $117.725, down $0.100,

Dec 17 Cattle are at $118.150, down $0.175,

Aug 17 Feeder Cattle are at $153.200, up $1.450

Sep 17 Feeder Cattle are at $153.225, up $1.550

Oct 17 Feeder Cattle are at $151.500, up $1.500

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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