Live cattle futures are down 50 to 82.5 cents in the front months at midday. Feeder cattle futures are $1.125 to $1.225 lower on Friday. The CME feeder cattle index was down 61 cents on February 28 at $147.33. Wholesale boxed beef values were mixed on Friday morning. Choice boxes were up 46 cents at $222.76, with Select boxes $1.02 lower at $214.58. Estimated FI cattle slaughter was at 469,000 head through Thursday. That was 5,000 head more than the same week last year and 28,000 above the previous week. Bids of $128 were reported in the North with a few sales of $205, an improvement on sales of $126-127 earlier in the week. Total commitments for beef exports are now 19.3% larger than the same time a year ago.

Apr 18 Cattle is at $122.500, down $0.825,

Jun 18 Cattle is at $114.800, down $0.700,

Aug 18 Cattle is at $112.475, down $0.500,

Mar 18 Feeder Cattle is at $143.875, down $1.175

Apr 18 Feeder Cattle is at $145.625, down $1.125

May 18 Feeder Cattle is at $146.775, down $1.225

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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