Cattle Market News and Commentary

Live cattle futures are showing $1 to $1.75 losses in most contracts at midday. Feeder cattle futures are down 95 cents to $1.80 on Tuesday. The CME feeder cattle index was down 74 cents on March 8 at $139.29. Wholesale boxed beef prices were higher in the Tuesday morning report, with the Ch/Se spread at $7.66/cwt. Choice boxes were up $1.48 at $228.84, as Select was $1.55 higher @ $221.18. USDA estimated Monday’s FI cattle slaughter at 119,000 head, up 3,000 wk/wk and up 5,000 from last year. A total of 755 head are being offered on Wednesday’s FCE auction. A few dressed bids of $204-205 are being reported in NE on Tuesday.

Apr 19 Cattle are at $127.650, down $1.350,

Jun 19 Cattle are at $119.025, down $1.225,

Aug 19 Cattle are at $115.400, down $1.250,

Mar 19 Feeder Cattle are at $141.350, down $0.950

Apr 19 Feeder Cattle are at $144.250, down $1.725

May 19 Feeder Cattle are at $146.100, down $1.300

--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

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