Cattle Market News and Commentary

Live cattle futures were mostly lower on Wednesday, with April up 7.5 cents. Feeder cattle futures were down 22.5 cents to $1.05. The CME feeder cattle index was down 4 cents on March 5 at $139.59. Wholesale boxed beef prices were higher on Wednesday afternoon with the Ch/Select spread at $6.56. Choice boxes were up 89 cents at $224.93 with Select 58 cents higher at $218.37. USDA has week to date FI cattle slaughter at 350,000 head. That is down 1,000 head from the previous week but 1,000 head above the same week in 2018. The weekly FCE online auction saw most lots offered at $128 and no bids. Live bids of $205 were being seen in NE later on Wednesday.

--provided by Brugler Marketing & Management

Market Commentary provided by:

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