Cattle Market News and Commentary

Live cattle futures closed the day with most contracts 45 to 90 cents higher. Feeder cattle futures were steady to $1.95 in the green. The CME feeder cattle index was down 26 cents on March 19 at $137.41. Wholesale boxed beef prices were lower in the Wednesday afternoon report, with the Choice/Sel spread at $10.04/cwt. Choice boxes were down 66 cents at $228.67, as Select was 83 cents lower @ $218.63. USDA estimated this week’s FI cattle slaughter at 355,000 head through Wednesday. That was up 7,000 head from the previous week and even with this time last year. The 596 head offered on Wednesday’s FCE auction went unsold, with the cattle offered at $129-130.

Apr 19 Cattle closed at $129.575, up $0.450,

Jun 19 Cattle closed at $123.375, up $0.650,

Aug 19 Cattle closed at $119.325, up $0.600,

Mar 19 Feeder Cattle closed at $142.250, unch,

Apr 19 Feeder Cattle closed at $148.325, up $0.525

May 19 Feeder Cattle closed at $152.125, up $1.600

--provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.