Cattle End in Red
Related Stocks
 LEJ24 - Live Cattle
SymLastChgPct
LEJ24184.500+0.900+0.49%
LEQ24177.225+0.550+0.31%
GFH24247.500-0.550-0.22%
GFJ24247.225+0.350+0.14%

After midday gains, live cattle futures traded weaker into the close, ending the day down by 10 to 42 cents. There were reports of some light early week cash trades at $116, but the cash market largely remains unestablished. Tomorrow’s FCE online auction has 4,712 head listed. Feeder cattle futures also faded from midday highs and closed mixed within 30 cents of neutral. The CME Feeder Cattle Index was $139.75 on 3/29, up by $0.89.   

Wholesale Boxed Beef prices were sharply higher in the PM report, with a $5.30 bump for Choice and a $3.42 increase in Select. Choice rib primals were above $410 cwt. USDA estimates Tuesday’s FI cattle slaughter at 120,000 head bringing the WTD estimate to 239,000. Last week through Tuesday slaughter was 233,000 head, and the same week last year was 238,000 head.

Apr 21 Cattle  closed at $120.975, unch,

Aug 21 Cattle  closed at $121.250, down $0.225,

Apr 21 Feeder Cattle  closed at $146.825, down $0.250

May 21 Feeder Cattle  closed at $152.200, unch,




<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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QFormat="true" Name="TOC Heading"/> </w:LatentStyles> </xml><![endif]--><!-- [if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--></p> <div class="MsoNormal" align="center"> <p>Did you know Brugler Marketing &amp; Management has more to offer to you than just this free daily commentary?! 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