Cattle

Live cattle futures are a nickel to 50 cents lower at midday. Feeder cattle futures are 77.5 to 85 cents lower in the front months. The CME feeder cattle index was up 15 cents on February 6 at $148.10. Wholesale boxed beef values were mixed on Thursday morning. Choice boxes were down 33 cents at $209.04, with Select boxes $1.01 higher at $204.15. Estimated FI week to date cattle slaughter was 346,000 head through Wednesday. That was down 5,000 from the previous week but 11,000 head larger than the same week last year. The USDA reported beef export sales at 18,508 MT, which was a drop of 26.5% from last week but 16.1% larger than last year. Beef production for 2018 was trimmed 35 million pounds to 27.725 billion pounds as lower 3 and 4 quarter production offset increased the 1 and 2 quarter.

Feb 18 Cattle are at $125.550, down $0.050,

Apr 18 Cattle are at $123.575, down $0.400,

Jun 18 Cattle are at $115.425, down $0.300,

Mar 18 Feeder Cattle are at $147.350, down $0.950

Apr 18 Feeder Cattle are at $148.525, down $0.825

May 18 Feeder Cattle are at $148.650, down $0.700




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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