Cattle Futures Mostly Lower at Midday

Live cattle futures are lower so far at midday. Feeder cattle futures are mostly lower by 32 to 42 cents, with Nov steady to 2 cents higher. The 11/08 CME Feeder Cattle index gained 68 cents to $146.52. Wholesale boxed beef prices are back up at midday. Choice boxes gained $1.53 to $240.05, in august prices topped $241 for a short time, but the last time choice boxes have been as high as $240 was 6/22/17. Select boxes gained $3.12 for the day to finish at $213.69. HerdX teamed up with UPS logistics to utilize block chain technology in delivering beef to Japan; which was the first successful venture to sell, ship, and deliver beef products with block chain technology. USDA estimated FI cattle slaughter is 112,000 head for this Veterans Day. Last week’s total was estimated at 651,000 head.

DEC 19 Cattle are at $119.450, down $0.425,

FEB 19 Cattle are at $125.225, down $0.450,

APR 20 Cattle are at $126.700, down $0.250,

NOV 19 Feeder Cattle are at $147.600, up $0.025

JAN 19 Feeder Cattle are at $146.700, down $0.425

MAR 19 Feeder Cattle are at $146.375, down $0.325

--provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
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