Cattle Market News and Commentary

Live cattle futures settled with 32.5 cent to $1.15 gains on Thursday. Feeder cattle futures were up 52.5 cents to $1.475. The CME feeder cattle index was up $1.71 on March 20 at $139.12. Wholesale boxed beef prices were mixed in the Thursday afternoon report, with the Choice/Sel spread at $10.94/cwt. Choice boxes were up 64 cents at $229.31, as Select was 26 cents lower @ $218.37. USDA estimated this week’s FI cattle slaughter at 476,000 head through Thursday. That was up 29,000 head from the previous week and even with this time last year. Beef export sales in the week of March 14 were at 18,625 MT, as Hong Kong was the top buyer of 6,300 MT. Analysts expect March 1 cattle on feed to be reported at 11.663 million head on Friday afternoon, down just 0.4% from last year. Placements during Feb are seen down 3.8%, with Marketings up 1.5%. Cash bids have been light so far this week, with a few $126 in TX and $204 dressed in NE.

Apr 19 Cattle closed at $129.900, up $0.325,

Jun 19 Cattle closed at $123.900, up $0.525,

Aug 19 Cattle closed at $119.975, up $0.650,

Mar 19 Feeder Cattle closed at $142.775, up $0.525

Apr 19 Feeder Cattle closed at $148.925, up $0.600

May 19 Feeder Cattle closed at $154.000, up $1.875

--provided by Brugler Marketing & Management




Market Commentary provided by:

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