Cattle

Live cattle futures finished the Friday session with 20 to 42.5 cent gains in the front months. Feeders were the leaders, as most nearby contracts were up triple digits. The CME feeder cattle index was up 50 cents on February 1 at $148.03. Wholesale boxed beef values were lower on Friday afternoon. Choice boxes were down 50 cents at $209.10, with Select boxes $1.09 lower at $203.45. Estimated FI cattle slaughter is 629,000 head through Saturday. That is up 41,000 from last week and 33,000 head larger than the same week last year. Cash trade was fairly quiet this afternoon, with most sales earlier in the week at $126.

Feb 18 Cattle closed at $126.850, up $0.425,

Apr 18 Cattle closed at $126.125, up $0.200,

Jun 18 Cattle closed at $118.000, up $0.250,

Mar 18 Feeder Cattle closed at $150.925, up $1.375

Apr 18 Feeder Cattle closed at $151.775, up $1.650

May 18 Feeder Cattle closed at $151.775, up $1.550




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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