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Feeder Cattle Mar '17 (GFH17) CME

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Brugler report

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Live cattle closed mixed from a dime lower to 20 cents higher on Monday. Feeder futures were mainly lower with most contracts down 17.5 to 60 cents. Their respective front months posted triple digit gains last week. Wholesale beef prices were higher this afternoon with choice up $1.35 and select up 19 cents with their respective averages at $191.77 and $186.83. Estimated FI slaughter for Monday was at 115,000 head, 4,000 head larger than last year. Today live trade was fairly inactive, while, while last week live trade was moderate on good demand in all feeding regions. Most sales were around $3 higher with most regions logging prices at $122, with some as low as $121 and some reported as high as $123 in the TX Panhandle. Dressed sales were mostly up about $5 for the week at $195. Feb 17 Cattle settled at $120.250, unch, Apr 17 Cattle settled at $119.175, up $0.200, Jun 17 Cattle settled at $108.600, down $0.100, Jan 17 Feeder Cattle settled at $132.775, down $0.325 Mar 17 Feeder Cattle settled at $130.675, down $0.600 Apr 17 Feeder Cattle settled at $129.925, down $0.175
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