Cattle Close Down Triple Digits

Live cattle futures fell back $1.07 to $1.77 on the day. As of Monday, there were still just 9 deliveries against October live cattle futures. Feeder cattle futures ended mostly in the red with 35 to 92 cent drops. Nov feeders rallied off of midday lows and ended 2 cents higher. The CME Feeder Cattle Index was down another 54 cents to $141.28 on 10/9. Strong Friday cash trades carried over for the new week, getting an early start. USDA reported a few Monday sales at $109 in TX and WCB. USDA also mentioned some limited $107 deals for lower graded cattle. Wholesale boxed beef prices were stronger. The Chc/Sel spread is at $14.28, as Choice boxes were $0.56 stronger to $214.62 and Select boxes were $0.52 higher at $200.34. Monday’s FI cattle slaughter is estimated at 117,000 head. That is 1,000 above last Monday, and up 2k from the same Monday a year ago.

Oct 20 Cattle closed at $108.350, down $1.525,

Dec 20 Cattle closed at $110.825, down $1.775,

Feb 21 Cattle closed at $113.075, down $1.225,

Oct 20 Feeder Cattle closed at $137.300, down $0.950

Nov 20 Feeder Cattle closed at $135.550, up $0.025

Jan 21 Feeder Cattle closed at $133.650, down $0.350

--- 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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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.