Cattle
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 lower 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 week to date FI cattle slaughter was 475,000 head through Thursday, 27,000 above the same week last year. A few cash cattle sales @ $120 were reported for Thursday. Weekly beef export shipments of 11,680 MT were announced, 1.7% above last year but 21.5% below a week ago. Total beef export commitments YTD are 10.5% larger than last year at this time.



Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did June and July leave you with painful grain marketing memories?
Contact Brugler TODAY to discover which of our services is the right prescription for you!
Request product samples and a quick tour of our services here.

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.