Live cattle futures were 37.5 to 77.5 cents higher in most contracts on Friday, as the Aug contract was up 2.64% on stronger cash trade this week. Feeder cattle futures were up $1.10 to $2.575 to end the week that saw Aug climb 6.38% higher. The CME feeder cattle index was down $1 on July 13 to $150.74. Wholesale beef prices were lower in the Friday afternoon report, with choice boxes down 50 cents at $209.35. Select was $1.84 lower, with an average of $195.42. Estimated weekly FI cattle slaughter is 637,000 head including Saturday, 39,000 above the same week last year. Cash sales this week ranged from $119 to $120 across most regions. Managed money traders backed off their net long position in live cattle futures and options to a net position of +114,911 contracts in this week’s CFTC COT report.

Aug 17 Cattle closed at $117.800, up $0.375,

Oct 17 Cattle closed at $118.575, up $0.750,

Dec 17 Cattle closed at $119.000, up $0.775,

Aug 17 Feeder Cattle closed at $154.275, up $1.250

Sep 17 Feeder Cattle closed at $154.075, up $1.100

Oct 17 Feeder Cattle closed at $152.750, up $1.250

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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