Cattle Market News and Commentary

Live cattle futures closed Monday with most contracts steady to 70 cents lower. Feeder cattle futures were down 12.5 cents to $1.725. The CME feeder cattle index was down 74 cents on March 8 at $139.29. Wholesale boxed beef prices were higher in the Monday afternoon report, with the Ch/Se spread out to $7.73/cwt. Choice boxes were up $1.23 at $227.36, as Select was 85 cents higher @ $219.63. USDA estimated Monday’s FI cattle slaughter at 119,000 head, up 3,000 wk/wk and 5,000 from last year. Cash cattle traded at $128-128.50 last week, with $205 in the North.

Apr 19 Cattle closed at $129.000, down $0.675,

Jun 19 Cattle closed at $120.250, down $0.700,

Aug 19 Cattle closed at $116.650, down $0.525,

Mar 19 Feeder Cattle closed at $142.300, down $1.625

Apr 19 Feeder Cattle closed at $145.975, down $1.725

May 19 Feeder Cattle closed at $147.400, down $1.125

--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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