Cattle Mixed on Fight Between More Cattle and Strong Hog Prices

Live cattle futures were mixed on Monday, with most contracts steady to 30 cents higher and front month April down a quarter. Feeder cattle futures were up 25 to 55 cents in most contracts. The CME feeder cattle index was up 21 cents on April 12 at $142.99. Wholesale boxed beef prices were higher on Monday afternoon. Choice boxes were up $2.23 at $230.98, with Select boxes 20 cents higher at $221.22. We’re keeping a close eye on the wholesale beef/pork spreads. USDA estimated Monday’s FI cattle slaughter at 121,000 head. That would be 1,000 larger than last week and 6,000 head above the same week a year ago.

Apr 19 Cattle closed at $126.300, down $0.250,

Jun 19 Cattle closed at $121.475, up $0.025,

Aug 19 Cattle closed at $118.325, up $0.125,

Apr 19 Feeder Cattle closed at $145.675, up $0.250

May 19 Feeder Cattle closed at $151.025, up $0.525

Aug 19 Feeder Cattle closed at $159.150, up $0.450

--provided by Brugler Marketing & Management

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