Cattle Market News and Commentary

Live cattle futures are steady to 32.5 cents higher in most contracts, with June down a few ticks. Feeder cattle futures are up 45 cents to $1.725 at midday. The CME feeder cattle index was up $1.71 on March 20 at $139.12. Wholesale boxed beef prices were mixed on Friday morning, with the Choice/Sel spread at $10.62/cwt. Choice boxes were down 15 cents at $229.16, as Select was 17 cents higher @ $218.54. 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. Analysts expect March 1 cattle on feed to be reported at 11.663 million head this afternoon, down 0.4% from last year. Placements during Feb are seen down 3.8%, with Marketings up 1.5%. A few cash sales of $128 have been reported in TX on Friday, with $128 bids in the rest of the country and $208 dressed in NE.

Apr 19 Cattle are at $129.900, unch,

Jun 19 Cattle are at $123.825, down $0.075,

Aug 19 Cattle are at $120.175, up $0.200,

Mar 19 Feeder Cattle are at $143.475, up $0.700

Apr 19 Feeder Cattle are at $149.425, up $0.500

May 19 Feeder Cattle are at $154.575, up $0.575

--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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