Cattle Futures Lower for Wednesday
BRUG - Wed Nov 13, 4:48PM CST

Live cattle futures finished Wednesday lower by triple digits, down by $1.37 to $1.65 in the front months. Feeder cattle futures rebounded slightly after touching limit losses, but still finish the day with major declines. The CME Feeder Cattle index gained $0.20 on 11/12 to $147.44. Afternoon boxed beef prices were higher, widening the Chc/Sel spread to 24.81. Choice boxes were up $1.84 to $242.34. Select boxes were up $1.30 at $217.53. Today’s FCE auction didn’t accrue any sales; there were offers of $115 in Texas and $115.50 in KS, which were both passed on. There will be an additional online auction Friday. Some cash sales of $115 were reported for KS and TX this afternoon. As of 11/13, the USDA estimated WTD cattle slaughter under federal inspection was 349,000 head, which is less than last week and the running total through the same Wednesday last year.

Dec 19 Cattle closed at $118.100, down $1.650,

Feb 20 Cattle closed at $124.100, down $1.475,

Apr 20 Cattle closed at $125.675, down $1.375,

Nov 19 Feeder Cattle closed at $145.575, down $2.225

Jan 20 Feeder Cattle closed at $142.825, down $4.300

Mar 20 Feeder Cattle closed at $143.325, down $3.500

--provided by Brugler Marketing & Management

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