Cattle Market News and Commentary

Live cattle futures are 20 to 55 cents higher at midday. Feeder cattle futures are 10 to 90 cents in the green on Friday. The CME feeder cattle index was up 17 cents on March 6 at $139.76. Wholesale boxed beef prices were higher in the Friday morning report. Choice boxes were up 40 cents at $226.44 with Select 39 cents higher at $218.93. 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. The Cold Storage report last night showed Jan 31 beef stocks of 510.07 million pounds, slightly above year ago. The delayed February Cattle on Feed report will be released this afternoon, with Feb 1 on feed expected up 0.2%. January placements are seen down 6.5%, as marketings are estimated up 2.4%. The WASDE showed projected beef production for 2019 at 27.3 billion pounds, down 310 million from February. Both first and second quarter production were trimmed by 100 mil lbs on lighter carcass weights.

Apr 19 Cattle are at $129.500, up $0.550,

Jun 19 Cattle are at $120.700, up $0.350,

Aug 19 Cattle are at $116.850, up $0.325,

Mar 19 Feeder Cattle are at $143.350, up $0.450

Apr 19 Feeder Cattle are at $146.900, up $0.900

May 19 Feeder Cattle are at $147.925, up $0.850

--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

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