Cattle Close Mostly Higher on Tuesday

Live cattle futures settled Tuesday with most contracts 35 to 90 cents higher and the nearby contracts steady to a few ticks lower. Feeder cattle futures got some help with the weakness in corn, up 32.5 cents to $1.05. The CME feeder cattle index was down 34 cents to $133.21 on June 17. Wholesale boxed beef prices were lower on Tuesday afternoon. Choice boxes were down $1.29 at $220.53 with Select boxes 71 cents lower @ $201.80. USDA estimated the week to date FI cattle slaughter @ 240,000 head. That was 6,000 head larger than the same point last year and down 3,000 from last week. A few scattered bids of $109 have been reported so far on Tuesday.

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.