Cattle Market Commentary
BRUG - Fri Dec 07, 7:27AM CST

Live cattle futures saw losses of 35 to 65 cents in most contracts on Thursday. Feeder cattle futures were down 35 cents to $1.35 on the day. The CME feeder cattle index was down 85 cents on December 5 at $145.53. Wholesale beef prices were mixed on Thursday afternoon, tightening the Ch/Select spread to $14.45. Choice boxes were down 59 cents at $212.36, with the Select cutout value $1.36 higher at $198.22. USDA’s week to date estimated FI cattle slaughter is at 481,000 head, up 5,000 head from last week and 3,000 head larger than a year ago. Little cash trade has been reported so far this week outside of the FCE’s $117.50-118 on Wednesday. Bids were around $112-114 on Thursday.

--provided by Brugler Marketing & Management




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