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Live Cattle Apr '19 (LEJ19)

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[[ timeframe ]] futures price quotes as of Fri, Feb 22nd, 2019.
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Live Cattle Futures Market News and Commentary

Cattle Market News and Commentary

Live cattle futures closed steady to $1.05 higher on Friday. Feeder cattle futures were mixed with front months down 2.5 to 32.5 cents. The CME feeder cattle index was up 20 cents on February 21 at $141.31. Wholesale boxed beef prices were higher on Friday afternoon, widening the Ch/Select spread to $7.04. Choice boxes were up $1.32 at $219.39 with Select 94 cents higher at $212.35. USDA estimated the weekly FI cattle slaughter at 577,000 head through Saturday. That was down 19,000 head from last week but 2,000 above than the same week last year. The delayed January Cattle on Feed report showed Jan 1 on feed at 11.69 million head, up 1.75% from last year. December placements were down 1.78% at 1.767 million head, with marketings 0.63% lower than last year at 1.741 million head. Frozen stocks of beef were down 3.71% from November at 495.624 million head, which was 1.55% larger than the previous year. Cash cattle bids were shown at $126 late on Friday afternoon.Feb 19 Cattle closed at $128.675, up $1.050,Apr 19 Cattle closed at $128.875, up $0.275,Jun 19 Cattle closed at $119.475, up $0.225,Mar 19 Feeder Cattle closed at $142.900, down $0.325Apr 19 Feeder Cattle closed at $145.300, down $0.225May 19 Feeder Cattle closed at $146.850, down $0.025--provided by Brugler Marketing & Management
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