Cattle Market News and Commentary

Live cattle futures settled the Tuesday session with most contracts 15 to 80 cents higher. Feeder cattle futures were 60 cents to $2.20 in the green in most contracts. The CME feeder cattle index was up 17 cents on March 18 at $137.67. Wholesale boxed beef prices were higher in the Tuesday afternoon report, with the Ch/Se spread at $9.87/cwt. Choice boxes were up $1.00 at $229.33, as Select was $1.25 higher @ $219.46. USDA estimated this week’s FI cattle slaughter at 235,000 head. That was down 4,000 head from the previous week and 2,000 head below this time last year. This week’s FCE online auction has 596 head offered for sale.

Apr 19 Cattle closed at $129.125, up $0.800,

Jun 19 Cattle closed at $122.725, up $0.150,

Aug 19 Cattle closed at $118.725, up $0.625,

Mar 19 Feeder Cattle closed at $142.250, up $0.600

Apr 19 Feeder Cattle closed at $147.800, up $1.500

May 19 Feeder Cattle closed at $150.525, up $2.200

--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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