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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.