Live Cattle Futures Market News and Commentary
At the close on Monday, finished cattle futures were 20 cents to $1.02 weaker, with April now $118.97. Cash cattle sales are generally quiet early in the week and are yet to establish. LW’s business was near $114 – firm with the previous two weeks.
Feeder futures also pulled back triple digits, ending with March at $137.20 and April at $141.12. The 2/25 CME Feeder Cattle Index was $138.91, down from $139.48.
Wholesale Boxed Beef prices retreated for the PM update as Choice was $1.50 lower to $239.03 cwt. and Select was down $2.09. USDA estimates Monday’s FI cattle slaughter at 120k head. That is up from 19 LW but trails the 123k head kill the same Monday LY.
--- provided by Brugler Marketing & Management
Live Cattle Prices by Barchart
Feeder Cattle Prices by Barchart