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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 settled Tuesday with most contracts steady to $1.275 higher. Feeder cattle futures were 42.5 cents to $1.15 higher, with help from cheaper corn. The CME feeder cattle index was down 22 cents on February 18 at $141.28. Wholesale boxed beef prices were mixed on Tuesday afternoon, with the Ch/Se spread at $3.73. Choice boxes were down 12 cents at $217.27 with Select 54 cents higher at $213.54. USDA estimated the WTD FI cattle slaughter at 214,000 head through Tuesday. That was down 20,000 head from last week but 1,000 larger than the same week last year. Cash trade last week was around $125 and $199-200 dressed.Feb 19 Cattle closed at $127.875, up $1.250,Apr 19 Cattle closed at $128.450, up $1.275,Jun 19 Cattle closed at $118.600, up $0.525,Mar 19 Feeder Cattle closed at $143.750, up $1.150Apr 19 Feeder Cattle closed at $146.000, up $0.775May 19 Feeder Cattle closed at $147.000, up $0.425 --provided by Brugler Marketing & Management
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