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Feeder Cattle Mar '18 (GFH18)

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Feeder Cattle Futures Market News and Commentary

Cattle Market News and Commentary

Live cattle futures closed the day with most contracts 45 to 90 cents higher. Feeder cattle futures were steady to $1.95 in the green. The CME feeder cattle index was down 26 cents on March 19 at $137.41. Wholesale boxed beef prices were lower in the Wednesday afternoon report, with the Choice/Sel spread at $10.04/cwt. Choice boxes were down 66 cents at $228.67, as Select was 83 cents lower @ $218.63. USDA estimated this week’s FI cattle slaughter at 355,000 head through Wednesday. That was up 7,000 head from the previous week and even with this time last year. The 596 head offered on Wednesday’s FCE auction went unsold, with the cattle offered at $129-130.Apr 19 Cattle closed at $129.575, up $0.450,Jun 19 Cattle closed at $123.375, up $0.650,Aug 19 Cattle closed at $119.325, up $0.600,Mar 19 Feeder Cattle closed at $142.250, unch,Apr 19 Feeder Cattle closed at $148.325, up $0.525May 19 Feeder Cattle closed at $152.125, up $1.600 --provided by Brugler Marketing & Management
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