Live cattle futures are posting gains of $1-1.35 in most front months on Monday. Feeder cattle futures are up $1.35 to $1.65 at midday. The CME feeder cattle index was down $1.30 cents on March 1 at $146.03. Wholesale boxed beef values were higher on Monday morning. Choice boxes were up 48 cents at $223, with Select boxes $0.47 higher at $215.11. 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. Cash cattle trade was mostly $126 on Friday, with $203-205 reported in the north. The managed money net long position in live cattle futures and options was at 99,777 contracts as of Feb 27, 1,047 contracts larger than the previous week.

Apr 18 Cattle are at $123.525, up $1.350,

Jun 18 Cattle are at $115.575, up $1.175,

Aug 18 Cattle are at $113.200, up $1.100,

Mar 18 Feeder Cattle are at $145.125, up $1.450

Apr 18 Feeder Cattle are at $146.900, up $1.625

May 18 Feeder Cattle are at $147.875, up $1.350

Market Commentary provided by:

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