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Feeder Cattle Mar '19 (GFH19)

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Feeder Cattle Futures Market News and Commentary

Cattle Market News and Commentary

Live cattle futures were 30 to 75 cents higher in most contracts on Wednesday. Feeder cattle futures were steady to 15 cents higher in the front months. The CME feeder cattle index was down 18 cents on February 19 at $141.10. Wholesale boxed beef prices were lower on Wednesday afternoon, with the Ch/Se spread at $4.99. Choice boxes were down 78 cents at $216.49 with Select $2.04 lower at $211.50. USDA estimated the WTD FI cattle slaughter at 322,000 head through Wednesday. That was down 20,000 head from last week and 4,000 lower than the same week last year. A total of 785 head were offered on this morning’s FCE online auction, with no sales and 3 lots passing of bids of $125. The delayed January Cattle on Feed report will be released on Friday.Feb 19 Cattle closed at $128.325, up $0.450,Apr 19 Cattle closed at $129.200, up $0.750,Jun 19 Cattle closed at $119.325, up $0.725,Mar 19 Feeder Cattle closed at $143.875, up $0.125Apr 19 Feeder Cattle closed at $146.075, up $0.075May 19 Feeder Cattle closed at $147.000, unch, --provided by Brugler Marketing & Management
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