Friday trading in the front month live cattle futures market has prices up 7 to 80 cents so far. August is the strongest at midday trading near $103.42. August options expire today, with the 102 and 104 strikes the closest potential "pins". Feeder cattle futures are also higher so far with 7 to 87 cent gains. The August 5 CME Feeder Cattle index was $140.79, which was another 19 cents stronger. USDA reported limited cash sales activity in the WCB at $103 and $163 for live weight and dressed respectively. Cash sales were not reported in the South on Thursday, the bulk of activity the week so far has been near $100. Wholesale boxed beef prices were stronger this morning with a 33 cent bump in Choice and a 78 cent increase for Select. The WTD cattle slaughter under federal inspection was estimated at 464,000 head through Thursday. That is down 10,000 wk/wk and 19,000 head from last year.
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Aug 20 Cattle are at $103.425, up $0.800,
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Oct 20 Cattle are at $107.400, up $0.425,
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Dec 20 Cattle are at $111.025, up $0.075,
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Aug 20 Feeder Cattle are at $143.550, up $0.075
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Sep 20 Feeder Cattle are at $146.300, up $0.425
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Oct 20 Feeder Cattle are at $147.325, up $0.550
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--- provided by Brugler Marketing & Management
<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing & Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p>
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