Cattle Market News and Commentary

Live cattle futures posted 22.5 to 90 cent gains in most contracts on Monday, with April down a quarter on First Notice Day (FND). There were no deliveries due to a less than attractive basis. Feeder cattle futures came back to end 35 to 97.5 cents higher in most contracts on Monday. The CME feeder cattle index was down 79 cents on April 5 at $143.30. Wholesale boxed beef prices were higher on Monday afternoon. Choice boxes were up $1.74 at $228.67 and Select boxes 60 cents higher @ $220.88. USDA estimated Monday’s cattle slaughter at 120,000 head. That would be 5,000 above last week and 2,000 head more than the same week a year ago.

--provided by Brugler Marketing & Management

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.