Cattle Market News and Commentary

Live cattle futures are mixed in most contracts at midday, with most deferred contracts steady to 20 cents higher. There were 40 delivery notices against Feb on Wednesday night. Feeder cattle futures are up 10 to 60 cents on Thursday The CME feeder cattle index was down a penny on February 5 at $141.53. Wholesale boxed beef prices were mixed on Thursday morning, with the Ch/Select spread narrowing to $4.40. Choice boxes were down 45 cents at $217.12 with Select 35 cents higher at $212.72. Week to date USDA estimated FI cattle slaughter is 353,000 head through Wednesday. That is up 4,000 head from last week and 7,000 above the same week last year. Carcass weights have been running light due to poor pen conditions. Cash bids have been light this week with a few starting out at $121 in the South and $196 in the North. We saw limited sales of $124+ on yesterday’s FCE auction.

Feb 19 Cattle are at $126.400, unch,

Apr 19 Cattle are at $127.075, down $0.075,

Jun 19 Cattle are at $117.300, up $0.075,

Mar 19 Feeder Cattle are at $143.275, up $0.100

Apr 19 Feeder Cattle are at $145.150, up $0.300

May 19 Feeder Cattle are at $146.000, up $0.475

--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

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