Cattle Mixed on Spillover from Hogs
BRUG - Mon Apr 15, 12:15PM CDT

Live cattle futures are mixed at midday, with front months lower and deferred contracts steady to 40 cents higher. Feeder cattle futures are up 20 to 60 cents in most contracts. The CME feeder cattle index was down 57 cents on April 11 at $142.78. Wholesale boxed beef prices were higher on Monday morning, widening the Ch/Se spread to $10.11. Choice boxes were up $2.48 at $231.23, with Select boxes 10 cents higher at $221.12. USDA estimated weekly cattle slaughter at 634,000 head. That would be 13,000 larger than last week and 23,000 head above the same week a year ago. The weekly Commitment of Traders report indicated that specs in live cattle futures and options were just 4 contracts from their record net long position as of Tuesday at 148,941 contracts. That was 704 contracts above the past week.

Apr 19 Cattle are at $126.225, down $0.325,

Jun 19 Cattle are at $121.375, down $0.075,

Aug 19 Cattle are at $118.300, up $0.100,

Apr 19 Feeder Cattle are at $145.675, up $0.250

May 19 Feeder Cattle are at $150.825, up $0.325

Aug 19 Feeder Cattle are at $158.900, up $0.200

--provided by Brugler Marketing & Management




Market Commentary provided by:

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