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Feeder Cattle May '18 (GFK18)

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Brugler report

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Thu Mar 22, 4:55PM CDT
Live cattle futures posted 45 cent to $1.60 gains on Thursday. Feeder cattle futures were up 75 cents to 2.05 on the day. The CME feeder cattle index was down $1.56 on March 21 at $139.39. Wholesale boxed beef values were higher on Thursday afternoon Choice boxes were up 83 cents at $225.21, with Select boxes $1.63 higher at $218.02. Estimated weekly FI cattle slaughter was 473,000 head through Thursday, 7,000 above last week and the same week in 2017. This afternoon’s Cold Storage report indicated beef stocks of 460.276 million pounds at the end of February. That was down 8.26% from January and 8.39% lower than last February.Apr 18 Cattle closed at $118.150, up $0.450,Jun 18 Cattle closed at $108.400, up $1.025,Aug 18 Cattle closed at $106.375, up $1.100,Mar 18 Feeder Cattle closed at $137.525, up $0.750Apr 18 Feeder Cattle closed at $138.025, up $1.800May 18 Feeder Cattle closed at $138.525, up $1.575
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