Cattle Market News and Commentary

Live cattle futures settled the Thursday session firm to 92.5 cents higher. Feeder cattle futures saw triple digit gains in the front months, with the help of weakness in corn. The CME feeder cattle index was up 17 cents on March 6 at $139.76. Wholesale boxed beef prices were higher on Thursday afternoon with the Ch/Select spread at $7.50. Choice boxes were up $1.11 at $226.04 with Select 17 cents higher at $218.54. USDA has week to date FI cattle slaughter at 466,000 head. Cash trade was reported at $128 in the South, with sales of $128-128.50 and $205 in the North. 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). The Cold Storage report showed Jan 31 beef stocks of 510.07 million pound, slightly above a year ago.

Apr 19 Cattle closed at $128.950, up $0.050,

Jun 19 Cattle closed at $120.350, up $0.725,

Aug 19 Cattle closed at $116.525, up $0.925,

Mar 19 Feeder Cattle closed at $142.900, up $2.250

Apr 19 Feeder Cattle closed at $146.000, up $2.350

May 19 Feeder Cattle closed at $147.075, up $1.650

--provided by Brugler Marketing & Management

Market Commentary provided by:

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Phone: 402-697-3623
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