Cattle Show Mixed Trade on Thursday

Live cattle futures settled 32.5 to 57.5 cents lower in the nearby contracts, with other contracts higher. Cash trade after the close was mostly $101 in the South. Feeder cattle futures were steady to 95 cents higher in the front months. The CME Feeder Cattle Index was down 4 cents on September 17 at $137.29. Wholesale boxed beef prices were mixed on Thursday afternoon, with the Chc/Sel spread at $26.01. Choice boxes were down 7 cents at $218.17, with Select boxes 19 cents higher at $192.16. USDA estimated week to date FI cattle slaughter through Wednesday @ 467,000 head. That is down 3,000 head from the same week last year and a 5,000 rise from the previous week. USDA reported weekly beef export sales of 16,575 MT, down 8% from the previous week. South Korea was the largest buyer at 4000 MT. Shipments were at a 6-week high of 17,132 MT.

OCT 19 Cattle closed at $99.800, down $0.575,

DEC 19 Cattle closed at $105.825, down $0.325,

FEB 20 Cattle closed at $112.525, up $0.150,

SEP 19 Feeder Cattle closed at $139.950, up $0.075

OCT 19 Feeder Cattle closed at $138.925, up $0.525

NOV 19 Feeder Cattle closed at $137.250, up $0.950

-- provided by Brugler Marketing & Management

Market Commentary provided by:

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