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Live Cattle Oct '17 (LEV17)

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Brugler report

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33 minutes ago
Live cattle futures closed the day with most contracts 65 to $1.90 in the red. Feeder cattle futures were down $1 to $1.45 on Wednesday. The CME feeder cattle index was down 30 cents on March 20 at $140.95. Wholesale boxed beef values were mixed on Wednesday afternoon. Choice boxes were up $1.03 at $224.38, with Select boxes 35 cents lower at $216.39. Estimated weekly FI cattle slaughter was 354,000 head through Wednesday, 6,000 above last week and 4,000 head above the same week in 2017. Ahead of Friday’s USDA Cattle on Feed report, analysts are expecting to see March 1 cattle on feed 8.2% larger than last year. February placements are seen 4.2% higher than a year ago, with Feb marketings 1.2% above 2017. A few sales of $126-126.50 were reported later in the day.Apr 18 Cattle closed at $117.700, down $1.875,Jun 18 Cattle closed at $107.375, down $1.625,Aug 18 Cattle closed at $105.275, down $1.425,Mar 18 Feeder Cattle closed at $136.775, down $1.000Apr 18 Feeder Cattle closed at $136.225, down $1.225May 18 Feeder Cattle closed at $136.950, down $1.300
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