BRUG - Thu Dec 07, 4:04PM CST

Live cattle futures finished Thursday mixed with the front months 5 to 60 cents lower. Feeder cattle futures were 15 to 45 cents higher in most nearby contracts. The CME feeder cattle index on December 6 was down $1.10 to $155.10. Wholesale boxed beef values were lower on Thursday afternoon. Choice was down $1.32 at $205.08, with select 28 cents lower at $183.83. Estimated WTD FI slaughter was at 477,000 head through Thursday, matching last week and 18,000 head larger than the same week last year. Cash trade on Thursday showed sales of mostly $117. US export sales of beef for what’s left of 2017 fell to a MY low of 2,665 MT, which is a drop of 80.7% from last week and 41% lower than last year. Japan purchased 1,700 MT, as reductions of 2,700 MT was shown for South Korea. There was a small Chinese cancellation of 200 tonnes. There were 11,277 MTs reported for 2018 sales for the week of 11/30, with South Korea buying 5,700 MT.

Dec 17 Cattle closed at $115.625, down $0.275,

Feb 18 Cattle closed at $118.675, down $0.600,

Apr 18 Cattle closed at $120.100, down $0.525,

Jan 18 Feeder Cattle closed at $146.325, up $0.300

Mar 18 Feeder Cattle closed at $144.500, up $0.400

Apr 18 Feeder Cattle closed at $144.625, up $0.250

Market Commentary provided by:

Brugler Marketing & Management LLC
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