Cattle Market News and Commentary

Live cattle futures are mostly 15 to 75 cents lower at midday, with front month April up 12.5 cents. Feeder cattle futures are down 60 cents to $1.05. The CME feeder cattle index was up 20 cents on April 8 at $143.50. Wholesale boxed beef prices were higher on Wednesday morning. Choice boxes were up 44 cents at $228.76, with Select boxes 52 cents higher at $219.32. USDA estimated week to date cattle slaughter at 240,000 head through Tuesday. That would be 5,000 above last week and 2,000 head more than the same week a year ago. A total of 416 head were sold of the 510 offered on this morning’s FCE auction, averaging $124. The one lot that went unsold was offered at $125, with no bids. A few sales of $124 in KS have been reported, with IA showing a bid of $127.

Apr 19 Cattle are at $126.025, up $0.125,

Jun 19 Cattle are at $120.175, down $0.175,

Aug 19 Cattle are at $117.175, down $0.475,

Apr 19 Feeder Cattle are at $145.250, down $0.900

May 19 Feeder Cattle are at $149.125, down $1.050

Aug 19 Feeder Cattle are at $157.000, down $0.600

--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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