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Feeder Cattle Mar '19 (GFH19)

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Feeder Cattle Futures Market News and Commentary

Cattle Market News and Commentary

Live cattle futures saw 40 to 75 cent gains in most contracts on Wednesday. Feeder cattle futures were up $1.325 to $2.15 in most contracts. The CME feeder cattle index was down 4 cents on January 22 at $141.58. Wholesale boxed beef prices were higher on Wednesday afternoon. Choice boxes were up 87 cents at $217.21, with Select 32 cents higher at $212.04. USDA estimated this week’s FI cattle slaughter at 352,000 head through Wednesday. That is 7,000 head below last week and well above the same week last year. This morning’s FCE auction saw a total of 63 head sold (@ $123) of the 4,139 offered. Most asks were around $124-125, with packers passing.Feb 19 Cattle closed at $125.550, up $0.425,Apr 19 Cattle closed at $126.500, up $0.425,Jun 19 Cattle closed at $116.850, up $0.425,Jan 19 Feeder Cattle closed at $143.025, up $1.975Mar 19 Feeder Cattle closed at $143.650, up $2.150Apr 19 Feeder Cattle closed at $144.675, up $1.725--provided by Brugler Marketing & Management
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