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Feeder Cattle Aug '18 (GFQ18)

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Brugler report

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Fri Apr 20, 4:53PM CDT
Live cattle futures finished Friday trade with most contracts 50 to 72.5 cents higher. April was up $1.55 on the day, gaining 2.4% on the week. Feeder cattle futures were steady to 90 cent in the green. April was down 1.5% this week. The CME feeder cattle index was down 58 on April 19 at $136.56. Wholesale boxed beef values were higher on Friday afternoon. Choice boxes were up 64 cents at $211.98, with Select boxes $1.65 higher at $200.13. Estimated weekly FI cattle slaughter is at 624,000 head through Saturday. That would be 19,000 more than the previous week and up 23,000 head from the same week in 2017. Cash traded at $121 in TX and $122 in KS on Thursday, with sales of $122-124 live and $193-195 dressed in the North today. This afternoon’s Cattle on Feed report showed April 1 on feed numbers 7.42% larger than last year at 11.729 million head. Placements in March were 9.26% lower than last year at 1.921 mil head, with March marketings at 3.87% below a year ago at 1.84 mil head.Apr 18 Cattle closed at $119.350, up $1.550,Jun 18 Cattle closed at $103.725, up $0.725,Aug 18 Cattle closed at $103.800, up $0.675,Apr 18 Feeder Cattle closed at $137.300, up $0.075May 18 Feeder Cattle closed at $139.325, up $0.900Aug 18 Feeder Cattle closed at $144.500, up $0.800
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