Live cattle futures were down anywhere from 7 cents to $1.15 on Friday, with the front two contracts in triple digit territory. Feeder cattle futures were off $.80 to $1.47. The CME feeder cattle index was down $1.30 cents on March 1 at $146.03. Wholesale boxed beef values were mixed on Friday morning. Choice boxes were up 22 cents at $222.52, with Select boxes $0.96 lower at $214.64. Estimated weekly FI cattle slaughter was 608,000 head, up 6.3% from last week and up 3.8% from the same week in 2017. Total commitments for beef exports are now 19.3% larger than the same time a year ago. Cash cattle trade was mostly $126 on Friday, with $203-205 reported in the north.

Apr 18 Cattle closed at $122.175, down $1.150,

Jun 18 Cattle closed at $114.400, down $1.100,

Aug 18 Cattle closed at $112.100, down $0.875,

Mar 18 Feeder Cattle closed at $143.675, down $1.375

Apr 18 Feeder Cattle closed at $145.275, down $1.475

May 18 Feeder Cattle closed at $146.525, down $1.475

Market Commentary provided by:

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