Cattle Market News and Commentary

Live cattle futures are down anywhere from a tick to 60 cents in most contracts on Tuesday. Feeder cattle futures are 30 to 75 cents lower at midday. The CME feeder cattle index was down 79 cents on April 5 at $143.30. Wholesale boxed beef prices were mixed on Tuesday morning. Choice boxes were up 30 cents at $228.97 and Select boxes 91 cents lower @ $219.97. USDA estimated Monday’s cattle slaughter at 120,000 head. That would be 5,000 above last week and 2,000 head more than the same week a year ago. Wednesday’s FCE auction so far has a total of 510 head listed for sale. USDA’s 2019 beef production estimate was trimmed 20 million pounds to 27.28 billion, mainly on lower third and fourth quarter production.

Apr 19 Cattle are at $125.775, down $0.025,

Jun 19 Cattle are at $120.225, down $0.350,

Aug 19 Cattle are at $117.425, down $0.300,

Apr 19 Feeder Cattle are at $146.125, down $0.600

May 19 Feeder Cattle are at $149.850, down $0.725

Aug 19 Feeder Cattle are at $157.250, down $0.450

--provided by Brugler Marketing & Management




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

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