Cattle Market News and Commentary
BRUG - Fri May 17, 7:28AM CDT

Live cattle futures ended the Thursday session with most contracts 80 cents to $1.45 higher. Feeder cattle futures came off their lows to post 87.5 cent to $1.30 gains, with nearby May down $1.70. The CME feeder cattle index was down $1.75 to $133.06 on May 15. Wholesale boxed beef prices were lower on Thursday afternoon. Choice boxes were down a penny at $219.56 with Select boxes 16 cents lower @ $207.88. USDA estimated weekly FI cattle slaughter at 484,000 head through Thursday. That was up 3,000 head from the previous week and 5,000 above the same week last year. Cash sales have been reported at ~$117 this week. Weekly beef export sales at 16,941 MT were down from last week but up 54.54% from the same week in 2018. Shipments were the second largest of 2019 at 18,225 MT.

--provided by Brugler Marketing & Management




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