Cattle

Live cattle futures are trading 25 to 45 cents higher in the nearby contracts at midday. Feeder cattle futures are up 25 to 67.5 cents. The CME feeder cattle index was down 19 cents on March 3 at $145.25. Wholesale boxed beef values were mixed on Wednesday morning. Choice boxes were down 6 cents at $223.29, with Select boxes $0.25 higher at $215.45. Estimated FI cattle slaughter was 234,000 head through Tuesday, even with last week and 3,000 head larger than the same week in 2017. A few cash sales of $126 were reported on Tuesday. Today’s FCE online auction showed sales on 387 of the 474 head, with all lots selling for $126.

Apr 18 Cattle are at $123.250, up $0.425,

Jun 18 Cattle are at $115.225, up $0.450,

Aug 18 Cattle are at $112.725, up $0.275,

Mar 18 Feeder Cattle are at $144.675, up $0.375

Apr 18 Feeder Cattle are at $146.400, up $0.275

May 18 Feeder Cattle are at $147.775, up $0.675




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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.