Cattle Close Mixed Mostly Higher

At the close for the midweek session, front month Live Cattle futures were 2 to 7 cents weaker nearby and 10 to 65 cents higher in the deferred contracts. The weekly FCE sold 757 of the 1,802 head listed for $114-$114.25. Asks were generally $114-$115, but one NE pen asked $116. Outside of the FCE, cash cattle trade is being reported at $114 live and $180 dressed, steady with last week. Feeder Cattle futures added to midday gains and ended the session $0.47 to $1.22 higher. The 3/1 Feeder Cattle Index from CME was $137.54, down 81 cents.

Wholesale Boxed Beef prices were lower in the PM update with Choice $1.65 lower and Select down $1.93. USDA estimates the week’s FI cattle slaughter at 364k head. That trails the same week last year by 5,000 head.

--- provided by Brugler Marketing & Management

  1. ·Apr 21 Cattle closed at $119.400, down $0.025,
  2. ·Aug 21 Cattle closed at $116.900, up $0.100,
  3. ·Mar 21 Feeder Cattle closed at $137.000, up $0.475
  1. ·Apr 21 Feeder Cattle closed at $141.300, up $0.825




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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