Cattle Futures Lower after Fridays Trades
BRUG - Fri Nov 29, 2:58PM CST

Live cattle futures fell on Friday by 22 to 50 cents, but still managed to gain 2.13% on the shortened week. Feeder cattle futures followed Thanksgiving’s break with losses in the nearby contracts, futures finished $0.65 to $1.50 on the day, but had a $3.00 gain over the week. The 11/28 CME Feeder Cattle index was $145.11 following a 40 cent increase. Weekly export sales data from the USDA this morning showed beef sales were 26,673 MT for the week ending 11/21. That’s a 25.87% increase wk/wk. Accumulated exports from the same report revealed that 737,315 MT of beef have been shipped this year, which is 4.03% behind last year’s pace. Wholesale boxed beef prices were lower. Choice boxes were down 12 cents, and select boxes dropped by 30 cents. The USDA has reported minimal cash sales activity, with KS reporting some $118 activity and some Nebraska $120 sales. USDA estimated the FI cattle slaughter weekly total to be 556,000 head through Saturday. The yearly total is 30.344 million head, which is 324,000 head above last year.

DEC 19 Cattle closed at $121.200, down $0.225,

FEB 19 Cattle closed at $126.200, down $0.500,

APR 20 Cattle closed at $126.425, down $0.450,

JAN 19 Feeder Cattle closed at $142.275, down $1.050

MAR 19 Feeder Cattle closed at $143.025, down $0.900

APR 19 Feeder Cattle closed at $144.975, down $0.650

---provided by Brugler Marketing & Management




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