Cattle Market News and Commentary

Live cattle futures are posting 20 cent to $1.425 gains in most contracts at midday. Feeder cattle futures are showing 50 cent to $2.25 gains on Friday. The CME feeder cattle index was down 69 cents on March 13 at $138.39. Wholesale boxed beef prices were mixed in the Friday morning report, with the Ch/Se spread at $9.53/cwt. Choice boxes were up 5 cents at $227.75, as Select was 54 cents lower @ $218.22. USDA estimated the WTD FI cattle slaughter at 447,000 head. That is down 19,000 head from last week as flooding in most of NE and parts of IA caused transportation issues on Thursday. Cash trades this week have been reported at $127 across most regions.

Apr 19 Cattle are at $128.825, up $1.425,

Jun 19 Cattle are at $121.475, up $1.125,

Aug 19 Cattle are at $117.350, up $0.900,

Mar 19 Feeder Cattle are at $141.600, up $0.500

Apr 19 Feeder Cattle are at $146.900, up $2.250

May 19 Feeder Cattle are at $148.200, up $1.850

--provided by Brugler Marketing & Management




Market Commentary provided by:

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

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