Cattle Market Closed Mixed
BRUG - Tue Dec 10, 4:07PM CST

Live cattle futures finished with 12 to 30 cent losses. Dec futures are in deliveries and posted a 27 cent drop after Monday trading. Feeder cattle futures were 50 to 57 cents higher in the font months. The 12/09 CME Feeder Cattle index was $143.35 after a 2 cent bump. Afternoon boxed beef prices are lower tightening the spread to 16.14. Choice boxes were $2.15 lower this morning at $221. 94. Select boxes dropped by $1.14 to $205.35. Tomorrow’s online Fed Cattle Exchange will offer 1068 head, with 600 head from Nebraska, 253 head from KS and TX offering 215 head. The USDSA reported light cash sales activity in KS, hovering in the $118- $119 range. The USDA estimated Tuesday cattle slaughter under federal inspection to be 122,000 head; which put the week to date estimated slaughter at 243,000.

Dec 19 Cattle closed at $119.900, down $0.275,

Feb 20 Cattle closed at $124.625, down $0.125,

Apr 20 Cattle closed at $125.100, down $0.300,

Jan 20 Feeder Cattle closed at $142.025, up $0.500

Mar 20 Feeder Cattle closed at $142.850, up $0.575

Apr 20 Feeder Cattle closed at $144.725, up $0.575

---provided by Brugler Marketing & Management

Market Commentary provided by:

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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

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.