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Feeder Cattle Jan '19 (GFF19)

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cmdty Insider - Feeder Cattle Market Commentary

Fri Oct 12, 5:22PM CDT
Live cattle futures closed 30 to 85 cents lower in the nearby contracts. Feeder cattle futures were down $1.27 to $2.12 on rising feed costs. The CME feeder cattle index was down a penny on October 10 at $158.37. Wholesale beef prices were mixed this week. Choice boxes were 54 cents lower (-0.3%) while Select rose 54 cents (+0.3%). Weekly beef production was down 0.4% from the previous week but 3.2% larger than the same week a year ago. Weekly FI slaughter was estimated at 639,000 head, which would be 4,000 below last week. US Beef export sales in the week of 10/4 totaled 13,305 MT, up 2.3% from the same week last year. Exports in that week totaled a MY high 21,265 MT.Oct 18 Cattle closed at $112.325, down $0.300,Dec 18 Cattle closed at $116.175, down $0.600,Feb 19 Cattle closed at $120.400, down $0.850,Oct 18 Feeder Cattle closed at $154.700, down $2.025Nov 18 Feeder Cattle closed at $154.625, down $2.125Jan 19 Feeder Cattle closed at $149.750, down $1.750 --provided by Brugler Marketing & Management, Call (402) 289-2330
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