Cattle Market News and Commentary

Live cattle futures ended the Wednesday session with most contracts 40 to 75 cents lower, with April down a tick. Feeder cattle futures were 30 to 97.5 cents in negative territory. The CME feeder cattle index was up 13 cents on April 9 at $143.63. Wholesale boxed beef prices were higher on Wednesday afternoon. Choice boxes were up 73 cents at $229.05, with Select boxes 82 cents higher at $219.62. USDA estimated week to date cattle slaughter at 360,000 head through Wednesday. That would be 4,000 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. Outside of the FCE few sales of $124 were reported in TX and KS.

Apr 19 Cattle closed at $125.875, down $0.025,

Jun 19 Cattle closed at $119.950, down $0.400,

Aug 19 Cattle closed at $117.000, down $0.650,

Apr 19 Feeder Cattle closed at $145.175, down $0.975

May 19 Feeder Cattle closed at $149.225, down $0.950

Aug 19 Feeder Cattle closed at $157.025, down $0.575

--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

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