Cattle Market News and Commentary

Live cattle futures were steady to 47.5 cents higher in most contracts on Thursday. Feeder cattle futures were up 25 to 85 cents. The CME feeder cattle index was down 28 cents on April 10 at $143.35. Wholesale boxed beef prices were mixed on Thursday afternoon. Choice boxes were down 22 cents at $228.83, with Select boxes 33 cents higher at $219.95. USDA estimated week to date cattle slaughter at 471,000 head through Thursday. That would be 6,000 lower last week and 7,000 head fewer than the same week a year ago. The blizzard in the Plains shut down a number of highways. A few cash cattle sales of $124 were reported in TX and KS on Wednesday, with bids of up to $126 so far in NE.

--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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