Cattle Market News and Commentary
BRUG - Fri Mar 08, 5:15PM CST

Live cattle futures closed the Friday session with 40 to 75 cent gains. Feeder cattle futures were up 70 cents to $1.70 on the day, with March up 1.91% this week. The CME feeder cattle index was up 27 cents on March 7 at $140.03. Wholesale boxed beef prices were higher in the Friday afternoon report. Choice boxes were up 9 cents at $226.13 with Select 24 cents higher at $218.78 USDA has week to date FI cattle slaughter at 603,000 head including Saturday. Cash trade was reported at $128 in the South this week, with sales of $128-128.50 and $205 in the North. The delayed February Cattle on Feed report showed Feb 1 on feed at 11.678 million head, up 0.41%. January placements were down 5.27% from last year at 1.959 million head, as marketings were up 2.8% at 1.91 million head. The WASDE showed projected beef production for 2019 at 27.3 billion pounds, down 310 million from February. Both first and second quarter production were trimmed by 100 mil lbs on lighter carcass weights.

Apr 19 Cattle closed at $129.675, up $0.725,

Jun 19 Cattle closed at $120.950, up $0.600,

Aug 19 Cattle closed at $117.175, up $0.650,

Mar 19 Feeder Cattle closed at $143.925, up $1.025

Apr 19 Feeder Cattle closed at $147.700, up $1.700

May 19 Feeder Cattle closed at $148.525, up $1.450

--provided by Brugler Marketing & Management




Market Commentary provided by:

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