Cattle Market News and Commentary

Live cattle futures are trading 20 to 75 cents higher in most contracts on Thursday. Feeder cattle futures are up $1.15 to $1.90 at midday, with the help of weakness in corn. The CME feeder cattle index was down 4 cents on March 5 at $139.59. Wholesale boxed beef prices were higher on Thursday morning with the Ch/Select spread at $7.03. Choice boxes were up 68 cents at $225.61 with Select 21 cents higher at $218.58. 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. Cash trade is being reported in the South on Thursday at $128, with bids in the north of $128 and $205. Beef export sales in the week of 2/28 were seen at 24,710 MT. December beef exports converted by USDA this morning were another monthly record at 261.981 million pounds. That was down 1.7% from November but slightly larger than last year. Total exports in 2018 were a record and 10.41% above 2017 (which was also a record).

Apr 19 Cattle are at $129.125, up $0.225,

Jun 19 Cattle are at $120.325, up $0.700,

Aug 19 Cattle are at $116.350, up $0.750,

Mar 19 Feeder Cattle are at $142.325, up $1.675

Apr 19 Feeder Cattle are at $145.400, up $1.750

May 19 Feeder Cattle are at $147.325, up $1.900

--provided by Brugler Marketing & Management




Market Commentary provided by:

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