Cattle Closed Mixed

Cattle futures closed the Thursday session 52 cents lower to 22 cents higher in the front months. Feeders were lower on Thursday with losses of 42 to 80 cents. The 9/30 CME Feeder Cattle Index was 20 cents lower at $142.38. The wide cash range continued for Thursday, with live sales reported from $104 to $109 and $164 to $169 dressed. The majority of sales have been near $107. Beef export sales were a 9-week high of 24,681 MT. Japan was the top purchaser on the week. The weekly report had beef shipments at 16,585 MT for the week ending 9/24. Accumulated beef exports were 0.75% ahead of last year’s pace with 598,742 MT. Wholesale boxed beef prices were up again this afternoon. Choice boxes were $1.24 higher, and Select boxes were up 8 cents. Federally inspected cattle slaughter for the week through Thursday was 478,000 head. That trails last week’s pace by 4k head, but is up 8,000 from the same week last year.

Oct 20 Cattle closed at $108.525, down $0.025,

Dec 20 Cattle closed at $111.825, down $0.525,

Feb 21 Cattle closed at $115.475, down $0.400,

Oct 20 Feeder Cattle closed at $140.925, down $0.425

Nov 20 Feeder Cattle closed at $141.250, down $0.800

Jan 21 Feeder Cattle closed at $139.550, down $0.750

--- provided by Brugler Marketing & Management

Market Commentary provided by:

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