Cattle

Live cattle futures closed 25 to 92.5 higher on Friday. Feeder cattle futures were a dime to $1.275 higher. The CME feeder cattle index on January 11 was $146.80, down $2.01 from the previous day. Wholesale boxed beef values were lower on Friday afternoon. Choice boxes averaged 84 cents lower at $208.23, with Select boxes $1.31 per cwt at $201.64. Estimated weekly FI cattle slaughter is 611,000 head through Saturday. That is 2,000 head more than the same week last year. Quarterly beef production was given a 130 million pound downward adjustment for the fourth quarter of 2017 to 6.74 billion pounds. Total production for 2017 was shown at 26.175 billion pounds, with USDA estimating 2018 up 170 million at 27.760 billion pounds.




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

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