Live cattle futures are down 37.5 to 67.5 cents in most nearby contracts, with feeder cattle futures mixed. The CME feeder cattle index on November 21 was down 10 cents to $156.58. USDA indicated FI cattle slaughter at 359,000 head through Wednesday, 6,000 larger than a week ago and 11,000 above the same week in 2016. Cash cattle traded $120-$120.50 in the North on Wednesday. The USDA Cold Storage report indicated frozen beef stocks of 506.931 million pounds, 2.2% larger than September but down 4.9% from last year. Beef export sales for 2017 of 9,276 MT were reported for the week during November 16, with 1,147 MT in 2018 sales.

Dec 17 Cattle are at $118.650, down $0.400,

Feb 18 Cattle are at $124.800, down $0.675,

Apr 18 Cattle are at $125.575, down $0.375,

Jan 18 Feeder Cattle are at $152.925, up $0.200

Mar 18 Feeder Cattle are at $151.125, down $0.025

Apr 18 Feeder Cattle are at $150.950, up $0.025

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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