Live cattle futures posted gains of 95 cents to $1.125 in most contracts on Monday. Feeder cattle futures were up $1.15 to $1.60. The CME feeder cattle index was down 59 cents on March 2 at $145.44. Wholesale boxed beef values were higher on Monday afternoon. Choice boxes were up 70 cents at $223.23, with Select boxes $0.20 higher at $214.84. Estimated FI cattle slaughter was 119,000 head on Monday, up 2,000 head from last week and 5,000 head larger than the same week in 2017. 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 closed at $123.225, up $1.050,

Jun 18 Cattle closed at $115.350, up $0.950,

Aug 18 Cattle closed at $113.125, up $1.025,

Mar 18 Feeder Cattle closed at $145.150, up $1.475

Apr 18 Feeder Cattle closed at $146.875, up $1.600

May 18 Feeder Cattle closed at $147.675, up $1.150

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.