Live cattle futures are showing gains of 45 to 67.5 cents in the front contracts at noon, with back months lower. Feeder cattle futures are mixed, with nearby Nov 60 cents higher ahead of Thursday’s expiration. The CME feeder cattle index was 39 cents higher at $159.37 on November 9. Wholesale beef prices were lower on Monday morning. Choice was down 76 cents at $213.09, with select boxes 46 cents lower at $194.05. Estimated weekly FI cattle slaughter was 623,000 head, 19,000 fewer than the previous week but 8,000 head above the same week in 2016. The Cattle on Feed report will be released this Friday at 2:00 p.m. CST.

Dec 17 Cattle are at $121.250, up $0.675,

Feb 18 Cattle are at $127.200, up $0.450,

Apr 18 Cattle are at $127.625, up $0.525,

Nov 17 Feeder Cattle are at $159.075, up $0.600

Jan 18 Feeder Cattle are at $157.050, down $0.125

Mar 18 Feeder Cattle are at $154.625, down $0.450

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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