Cattle Market News and Commentary

Live cattle futures are up 12.5 to 70 cents on Friday. Feeder cattle futures are mixed at midday, with nearby April down 32.5 cents and other front months higher. The CME feeder cattle index was down 28 cents on April 10 at $143.35. Wholesale boxed beef prices were mixed on Friday morning, tightening the Ch/Se spread to $6.95. Choice boxes were down 10 cents at $228.73, with Select boxes $1.83 higher at $219.95. USDA estimated week to date cattle slaughter at 471,000 head through Thursday. That would be 6,000 lower last week and 7,000 head fewer than the same week a year ago. The blizzard in the Plains shut down a number of highways. A few cash cattle sales of $124 were reported in TX and KS this week, with bids of $126-127 so far in NE on Friday.

Apr 19 Cattle are at $126.175, up $0.175,

Jun 19 Cattle are at $121.125, up $0.700,

Aug 19 Cattle are at $117.950, up $0.575,

Apr 19 Feeder Cattle are at $145.100, down $0.325

May 19 Feeder Cattle are at $150.200, up $0.350

Aug 19 Feeder Cattle are at $158.425, up $0.775

--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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