Cattle Market News and Commentary

Live cattle futures are up 67.5 to 90 cents in most contracts at midday. Feeder cattle futures are up 82.5 to 95 cents in the front months. The CME feeder cattle index was up 28 cents on February 6 at $141.81. Wholesale boxed beef prices were lower on Friday morning. Choice boxes were down $1 at $215.71 with Select 49 cents lower at $211.04. Week to date USDA estimated FI cattle slaughter is 470,000 head through Thursday. That is up 7,000 head from last week and the same week last year. Cash bids on Friday are still around $121-122 across most regions. We saw limited sales of $124+ on this week’s FCE auction. USDA trimmed 2018 beef production by 75 million pounds to 26.864 billion. Production for 2019 was also revised lower by 175 million pounds to 27.61 billion.

Feb 19 Cattle are at $127.100, up $0.800,

Apr 19 Cattle are at $127.725, up $0.900,

Jun 19 Cattle are at $117.825, up $0.675,

Mar 19 Feeder Cattle are at $144.075, up $0.825

Apr 19 Feeder Cattle are at $145.800, up $0.925

May 19 Feeder Cattle are at $146.850, up $0.950

--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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