Cattle Market News and Commentary

Live cattle futures are 20 to 45 cents lower on Monday. Feeder cattle futures are down 30 cents to $1.725 at midday. The CME feeder cattle index was up 27 cents on March 7 at $140.03. Wholesale boxed beef prices were higher in the Monday morning report, with Choice boxes up $1.09 and Select 53 cents higher. USDA estimated weekly FI cattle slaughter at 603,000 head. Cash cattle traded at $128-128.50 last week, with $205 in the North. The delayed February Cattle on Feed report released on Friday showed 11.678 million head on feed February 1, up 0.41% from February 2018. January placements were down 5.27% from last year at 1.959 million head, while marketings were up 2.8% at 1.91 million head.

Apr 19 Cattle are at $129.325, down $0.350,

Jun 19 Cattle are at $120.525, down $0.425,

Aug 19 Cattle are at $116.775, down $0.400,

Mar 19 Feeder Cattle are at $142.550, down $1.375

Apr 19 Feeder Cattle are at $146.050, down $1.650

May 19 Feeder Cattle are 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
Fax: 402-289-2353

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