Cattle

Live cattle futures are steady to 55 cents lower in most contracts. Feeder cattle futures are also in the red, with most contracts down 40 to 85 cents. The CME feeder cattle index was up 50 cents on February 1 at $148.03. Wholesale boxed beef values were higher on Monday Morning. Choice boxes were up 75 cents at $209.85, with Select boxes $1.05 higher at $204.50. Estimated weekly FI cattle slaughter was 629,000 head last week. That was up 41,000 from the previous week and 33,000 head larger than the same week last year. Most cash sales were reported at $126 last week. Show list collection appears to be the main activity today.

Feb 18 Cattle are at $126.800, down $0.050,

Apr 18 Cattle are at $126.000, down $0.125,

Jun 18 Cattle are at $117.700, down $0.300,

Mar 18 Feeder Cattle are at $150.075, down $0.850

Apr 18 Feeder Cattle are at $151.150, down $0.625

May 18 Feeder Cattle are at $151.050, down $0.725




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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