Cattle Close Mixed Mostly Higher

At the close for the midweek session, front month Live Cattle futures were 2 to 7 cents weaker nearby and 10 to 65 cents higher in the deferred contracts. The weekly FCE sold 757 of the 1,802 head listed for $114-$114.25. Asks were generally $114-$115, but one NE pen asked $116. Outside of the FCE, cash cattle trade is being reported at $114 live and $180 dressed, steady with last week. Feeder Cattle futures added to midday gains and ended the session $0.47 to $1.22 higher. The 3/1 Feeder Cattle Index from CME was $137.54, down 81 cents.

Wholesale Boxed Beef prices were lower in the PM update with Choice $1.65 lower and Select down $1.93. USDA estimates the week’s FI cattle slaughter at 364k head. That trails the same week last year by 5,000 head.

--- provided by Brugler Marketing & Management

  1. ·Apr 21 Cattle closed at $119.400, down $0.025,
  2. ·Aug 21 Cattle closed at $116.900, up $0.100,
  3. ·Mar 21 Feeder Cattle closed at $137.000, up $0.475
  1. ·Apr 21 Feeder Cattle closed at $141.300, up $0.825

Market Commentary provided by:

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

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