Schwieterman Cattle   Choice bringing $126

Live Cattle
Trend
Short Term: Up
Long Term: Up
Opening Calls: Mixed
Live cattle futures closed moderately lower on Wednesday, but did close well off of daily lows. Cutouts have continued to decline, falling 3.70 on choice and 4.14 on select. Cash activity was limited to 8,445 head, with over 80% choice cattle in the north bringing mostly $126. Southern cattle were very limited and traded $122. The Dollar is modestly lower overnight and equities are approaching contract highs.

Feeder Cattle
Trends
Short Term: Up
Long Term: Up
Opening Call: Mixed
Feeder cattle futures sold off on Wednesday, with lead contracts around 2.00 lower for the session. Corn is sharply lower overnight, which should provide support for the feeders. Cattle on feed estimates have on feed numbers at 100.5%, placements 95.4% and marketings 123.4%. The numbers would be friendly if realized.

Bret Crotts
620-275-4133
888-437-9131
bret@swbell.net