Cattle Mostly Higher With Cutouts Mixed
BRUG - Wed Apr 17, 4:38PM CDT

Live cattle futures settled 22 cents lower to $0.67 higher with front month April down 22 cents. Feeder cattle futures were down 60 to up 92 cents, with deferred contracts higher. The CME feeder cattle index was up 12 cents on April 16 at $143.58. Wholesale boxed beef prices were mixed on Wednesday. Choice boxes were up 71 cents at $232.76, with Select boxes $.99 lower at $220.16. USDA estimated week to date FI cattle slaughter at 363,000 head. That would be 3,000 larger than last week and 7,000 head above the same week a year ago. A total of 1,269 head of the 1,578 head offered on Wednesday’s FCE auction were sold at an average price of $127.08. Sales ranged from $127-127.25. Sales of $126 are being reported in TX and KS so far today, with a few $127 bids showing up in NE outside of the FCE.

Apr 19 Cattle closed at $126.925, down $0.225,

Jun 19 Cattle closed at $122.375, down $0.075,

Aug 19 Cattle closed at $119.550, up $0.225,

Apr 19 Feeder Cattle closed at $145.325, down $0.350

May 19 Feeder Cattle closed at $150.600, down $0.600

Aug 19 Feeder Cattle closed at $160.450, up $0.250

--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.