Cattle Market News and Commentary

Live cattle futures are mixed at midday, with front months steady to 15 cents higher and back months lower. Feeder cattle futures are down 10 to 90 cents on Wednesday. The CME feeder cattle index was up 4 cents on March 4 at $139.63. Wholesale boxed beef prices were higher on Wednesday morning with the Ch/Select spread at $6.35. Choice boxes were up 83 cents at $224.87 with Select 74 cents higher at $218.53. USDA estimated this week’s FI cattle slaughter at 236,000 head through Tuesday. That is up 4,000 head from the previous week and 2,000 head above the same week in 2018. Today’s FCE online auction saw all 300 head go unsold, with most lots offered at $128 and no bids. Live bids of $205 are being seen in NE at midday.

Apr 19 Cattle are at $128.975, up $0.150,

Jun 19 Cattle are at $119.825, down $0.025,

Aug 19 Cattle are at $115.800, up $0.050,

Mar 19 Feeder Cattle are at $140.750, down $0.125

Apr 19 Feeder Cattle are at $143.825, down $0.575

May 19 Feeder Cattle are at $145.575, down $0.750

--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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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