AgriCharts Market Commentary

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Cattle Market News and Commentary

Live cattle futures are mixed on Tuesday with most contracts slightly higher and June down 22.5 cents. Feeder cattle futures are trading 50 cents to $1.825 higher at midday. The CME feeder cattle index was down 15 cents on March 15 at $137.50. Wholesale boxed beef prices were higher in the Tuesday morning report, with the Ch/Se spread at $10.69/cwt. Choice boxes were up $1.73 at $230.06, as Select was $1.16 higher @ $219.37. USDA estimated Monday’s FI cattle slaughter at 115,000 head. That was down 4,000 head from the previous week, with travel in the WCB still an issue. This week’s FCE online auction has 596 head offered for sale.

Apr 19 Cattle are at $128.375, up $0.050,

Jun 19 Cattle are at $122.350, down $0.225,

Aug 19 Cattle are at $118.125, up $0.025,

Mar 19 Feeder Cattle are at $142.150, up $0.500

Apr 19 Feeder Cattle are at $147.925, up $1.625

May 19 Feeder Cattle are at $150.150, up $1.825

--provided by Brugler Marketing & Management

Cattle Market News and Commentary

Live cattle futures settled steady to 65 cents higher in most contracts on Monday, with nearby April down 77.5 cents. Feeder cattle futures were mixed, with the Spring contracts lower (excluding March) and deferred contracts higher. The CME feeder cattle index was down 15 cents on March 15 at $137.50. Wholesale boxed beef prices were higher in the Monday afternoon report, with the Ch/Se spread at $10.12/cwt. Choice boxes were up $1.34 at $228.33, as Select was 87 cents higher @ $218.21. USDA estimated Monday’s FI cattle slaughter at 115,000 head. That was down 4,000 head from the previous week, with travel in the WCB still an issue. Cash cattle traded $127 across most regions last week, with carcass based also $1 lower at $203-205.

--provided by Brugler Marketing & Management

Cattle Market News and Commentary

Live cattle futures settled steady to 65 cents higher in most contracts, with nearby April down 77.5 cents. Feeder cattle futures were mixed, with the Spring contracts lower (excluding March) and deferred contracts higher. The CME feeder cattle index was down 15 cents on March 15 at $137.50. Wholesale boxed beef prices were higher in the Monday afternoon report, with the Ch/Se spread at $10.12/cwt. Choice boxes were up $1.34 at $228.33, as Select was 87 cents higher @ $218.21. USDA estimated Monday’s FI cattle slaughter at 115,000 head. That was down 4,000 head from the previous week, with travel across the upper Midwest still an issue. Cash cattle traded $127 across most regions last week, with carcass based also $1 lower at $203-205.

Apr 19 Cattle closed at $128.325, down $0.775,

Jun 19 Cattle closed at $122.575, up $0.650,

Aug 19 Cattle closed at $118.100, up $0.375,

Mar 19 Feeder Cattle closed at $141.650, up $0.325

Apr 19 Feeder Cattle closed at $146.300, down $0.625

May 19 Feeder Cattle closed at $148.325, down $0.125

--provided by Brugler Marketing & Management

Cattle Market News and Commentary

Live cattle futures mixed on Monday, with nearby April 82.5 cents lower and other contracts higher. Feeder cattle futures are also mixed, as front month March is up 25 cents. The CME feeder cattle index was down 74 cents on March 14 at $137.65. Wholesale boxed beef prices were higher in the Monday morning report, with the Ch/Se spread at $10.20/cwt. Choice boxes were up $1.25 at $228.24, as Select was 70 cents higher @ $218.04. USDA estimated weekly FI cattle slaughter at 593,000 head. That was down 10,000 head from the previous week due to transportation issues. Cash cattle traded $127 across most regions last week, with carcass based also $1 lower at $203-205.

Apr 19 Cattle are at $128.275, down $0.825,

Jun 19 Cattle are at $122.175, up $0.250,

Aug 19 Cattle are at $117.800, up $0.075,

Mar 19 Feeder Cattle are at $141.425, up $0.100

Apr 19 Feeder Cattle are at $146.350, down $0.575

May 19 Feeder Cattle are at $148.225, down $0.225

--provided by Brugler Marketing & Management

Cattle Market News and Commentary

Live cattle futures closed Friday with 77.5 cent to $1.70 gains in most contracts. Feeder cattle futures were up 22.5 cents to $2.275 on the day. The CME feeder cattle index was down 74 cents on March 14 at $137.65. Wholesale boxed beef prices were lower in the Friday afternoon report, with the Ch/Se spread at $9.65/cwt. Choice boxes were down 71 cents at $226.99, as Select was $1.42 lower @ $217.34. USDA estimated weekly FI cattle slaughter at 593,000 head. That was down 10,000 head from the previous week due to transportation issues. Cash cattle traded $127 across most regions last week, with carcass based also $1 lower at $203-205.

--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