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Live Cattle Jun '17 (LEM17)

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Brugler report

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Tue Apr 24, 11:44AM CDT
Live cattle futures are steady to 72.5 cents higher at midday. Feeder cattle futures are up 5 to 47.5 cents. The CME feeder cattle index was up $1.57 on April 20 at $138.13. Wholesale boxed beef values were higher on Tuesday morning. Choice boxes were up $1.88 at $216.99, with Select boxes 39 cents higher at $202.11. Estimated FI cattle slaughter was 117,000 head on Monday. That is 1,000 more than the previous week and up 2,000 head from the same week in 2017. The Monday USDA Cold Storage report put frozen beef stocks on March 31 at 463.971 million pounds. That is just 30,000 pounds below last year and 1.01% larger than February. Combined stocks of poultry and red meat were shown at a March record 2.409 billion pounds.Apr 18 Cattle are at $121.750, up $0.025,Jun 18 Cattle are at $105.600, up $0.725,Aug 18 Cattle are at $105.550, up $0.475,Apr 18 Feeder Cattle are at $139.500, up $0.475May 18 Feeder Cattle are at $141.050, up $0.450Aug 18 Feeder Cattle are at $147.300, up $0.175
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