Cattle Market News and Commentary

Live cattle futures saw 75 cent to $2.35 losses in most contracts on Tuesday. Feeder cattle futures were 97.5 cents to $1.575 in the red on the day. The CME feeder cattle index was down 27 cents on March 11 at $139.02. Wholesale boxed beef prices were higher in the Tuesday afternoon report, with the Ch/Se spread at $7.87/cwt. Choice boxes were up 86 cents at $228.22, as Select was 72 cents higher @ $220.35. USDA estimated the WTD FI cattle slaughter at 239,000 head, up 3,000 wk/wk and 7,000 larger than 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 closed at $126.650, down $2.350,

Jun 19 Cattle closed at $118.675, down $1.575,

Aug 19 Cattle closed at $115.475, down $1.175,

Mar 19 Feeder Cattle closed at $141.300, down $1.000

Apr 19 Feeder Cattle closed at $144.400, down $1.575

May 19 Feeder Cattle closed 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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.