Cattle Market Holds Premium to Cash Market
BRUG - Thu Dec 12, 7:29AM CST

Live cattle futures had gains of as much as 90 cents at the close yesterday. 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 ($14.93). Choice boxes were $2.63 lower in the afternoon, while select boxes dropped by $1.63. The online Fed Cattle Exchange saw no sales, the packers passed on asks of $119 - $119.50. The USDA estimates week to date FI cattle slaughter at 365,000 head through Wednesday.

---provided by Brugler Marketing & Management




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