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Feeder Cattle Jan '18 (GFF18)

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Brugler report

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Fri Nov 17, 5:12PM CST
Live cattle futures finished the week with most contracts 45 to 90 cents in the red. Feeder cattle futures were down $1 to $2.175. The CME feeder cattle index will be delayed due to reporting issues with the USDA cash data. Wholesale beef prices were mixed on Friday afternoon. Choice was down $3 at $207.24, with select boxes 2 cents higher at $187.85. USDA indicated weekly FI cattle slaughter at 639,000 head through Saturday, 16,000 larger than a week ago and 10,000 above the same week in 2016. The Cattle on Feed report showed Nov 1 on feed numbers at 11.332 million head 6.25% larger than last year. Placements of cattle in October were 10.23% larger than a year ago at 2.393 million head, with marketings of 1.801 million head, 5.63% above last year.Dec 17 Cattle closed at $118.850, down $0.700,Feb 18 Cattle closed at $124.675, down $0.450,Apr 18 Cattle closed at $124.875, down $0.500,Jan 18 Feeder Cattle closed at $151.725, down $2.175Mar 18 Feeder Cattle closed at $150.125, down $1.975Apr 18 Feeder Cattle closed at $150.175, down $2.050
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