Cattle Market News and Commentary

Live cattle futures ended the Wednesday session with most contracts 40 to 75 cents lower, with April down a tick. Feeder cattle futures were 30 to 97.5 cents in negative territory. The CME feeder cattle index was up 13 cents on April 9 at $143.63. Wholesale boxed beef prices were higher on Wednesday afternoon. Choice boxes were up 73 cents at $229.05, with Select boxes 82 cents higher at $219.62. USDA estimated week to date cattle slaughter at 360,000 head through Wednesday. That would be 4,000 above last week and 2,000 head more than the same week a year ago. A total of 416 head were sold of the 510 offered in the weekly FCE auction, averaging $124. The one lot that went unsold was offered at $125, with no bids. Outside of the FCE a few cash cattle sales of $124 were reported in TX and KS.

--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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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.