Cattle Market Up, Feeders Helped by Cheap Corn
BRUG - Wed Dec 11, 4:37PM CST

Live cattle futures had posted gains of as much as 90 cents at the close. Dec futures were 72 cents higher. Feeder cattle futures gained triple digits on the day, with gains as much as $1.27 in the front months. The 12/10 CME Feeder Cattle index was at $143 even following a 41-cent drop. Wholesale boxed beef prices are again lower, abiding by a seasonal pattern of tightening the Choice/Select spread, which was at $14.93. Choice boxes were $2.63 lower this afternoon, while select boxes dropped by only $1.63. The online Fed Cattle Exchange saw no sales this morning, the packers passed on asks of $119 - $119.50. Cash sales for this week are back down from the $120 range of last week, with reports of $118 - $119 through the first half of the week. The USDA estimates week to date FI cattle slaughter at 365,000 head through Wednesday.

Dec 19 Cattle are at $120.600, up $0.725,

Feb 20 Cattle are at $125.400, up $0.825,

Apr 20 Cattle are at $125.950, up $0.900,

Jan 20 Feeder Cattle are at $142.925, up $1.275

Mar 20 Feeder Cattle are at $143.775, up $1.250

Apr 20 Feeder Cattle are at $145.600, up $1.125

---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.