Cattle Market News and Commentary

Live cattle futures closed with 35 to 65 cent gains in most contracts, with nearby Feb down 57.5 cents. Feb was up 1.24% this week. Feeder cattle futures were steady to 30 cents higher, as March was a dime lower. Jan was down $3.20 on the week. The CME feeder cattle index was down $1.04 on January 17 at $142.05. Wholesale boxed beef prices were higher on Friday afternoon, with the Ch/Se spread tightening to $3.70. Choice boxes were up 65 cents at $212.15, with Select $1.95 81 at $209.45. USDA estimated week to date FI cattle slaughter at 620,000 head through Saturday. That is 6,000 head below last week and 7,000 head larger than the same week last year. Cash trade was mostly seen around $124 on Friday afternoon.

Feb 19 Cattle closed at $126.525, down $0.575,

Apr 19 Cattle closed at $127.375, up $0.475,

Jun 19 Cattle closed at $117.450, up $0.625,

Jan 19 Feeder Cattle closed at $141.450, up $0.025

Mar 19 Feeder Cattle closed at $142.825, down $0.100

Apr 19 Feeder Cattle closed at $144.400, up $0.175

--provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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