Live cattle futures were mixed on Thursday, with most front contracts steady to lower. Feeder cattle futures posted gains of 85 cents to $2.05, as corn prices were supportive. The CME feeder cattle index rose $2.02 on July 12 to $150.74. Wholesale beef prices were again sharply lower in the Thursday afternoon report, with choice boxes down $2.84 at $209.85. Select was $1.47 lower, with an average of $197.26. Estimated FI cattle slaughter was 475,000 head through Thursday, 27,000 above the same week last year. A few cash sales of $120 were reported for Thursday. 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. Beef export shipments of 11,680 MT were announced, 1.7% above last year but 21.5% below a week ago.

Aug 17 Cattle closed at $117.425, down $0.450,

Oct 17 Cattle closed at $117.825, unch,

Dec 17 Cattle closed at $118.225, down $0.100,

Aug 17 Feeder Cattle closed at $153.025, up $1.275

Sep 17 Feeder Cattle closed at $152.975, up $1.300

Oct 17 Feeder Cattle closed 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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