Live cattle futures are trading 40 to 50 cents higher in most front months at midday. Feeder cattle futures are steady to 22.5 cents lower in the nearby contracts, as back months are lower. The CME feeder cattle index was up 4 cents on February 9 at $147.63. Wholesale boxed beef values were mixed on Tuesday morning. Choice boxes were up 5 cents at $208.82, with Select boxes down 24 cents at $203.73. Estimated FI cattle slaughter was 110,000 head on Monday. That was down 4,000 from the previous week and 1,000 head fewer than the same Monday last year.

Feb 18 Cattle closed at $127.525, up $0.400,

Apr 18 Cattle closed at $125.500, up $0.500,

Jun 18 Cattle closed at $117.150, up $0.425,

Mar 18 Feeder Cattle closed at $147.625, down $0.050

Apr 18 Feeder Cattle closed at $149.300, down $0.225

May 18 Feeder Cattle closed at $150.175, up $0.025

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353

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