Cattle

Live cattle futures ended the day with most contracts steady to 25 cents in the green. Feeder cattle futures were mixed with most nearby months lower. The CME feeder cattle index was down 29 cents on March 6 at $144.96. Wholesale boxed beef values were steady to higher on Wednesday afternoon. Choice boxes were up 22 cents at $223.57, with Select boxes UNCH at $215.20. Estimated FI cattle slaughter was 348,000 head through Wednesday, 2,000 head fewer with last week but 1,000 head larger than the same week in 2017. Today’s FCE online auction showed sales on 387 of the 474 head, with all lots selling for $126. There were bids of $126 and $203-204 reported for Wednesday, but not much for sales.

Apr 18 Cattle closed at $122.975, up $0.150,

Jun 18 Cattle closed at $114.825, up $0.050,

Aug 18 Cattle closed at $112.450, unch,

Mar 18 Feeder Cattle closed at $143.775, down $0.525

Apr 18 Feeder Cattle closed at $145.375, down $0.750

May 18 Feeder Cattle closed at $146.875, down $0.225




Market Commentary provided by:

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