Cattle Lower, Despite Lower in Beef Stocks at the End of March

Live cattle futures are mostly lower on Tuesday, with nearby April up a nickel. Feeder cattle futures are steady to $1.45 lower. The CME feeder cattle index was down 14 cents to $145.97 on April 19. Wholesale boxed beef prices were higher on Tuesday morning. Choice boxes were up 25 cents at $234.73, with Select boxes 26 cents higher @ $222.90. USDA estimated Monday’s FI cattle slaughter at 114,000 head. The monthly Cold Storage report from NASS on Monday showed frozen beef stocks as of March 31 at 450.657 million pounds. That is down 4.92% from February and a 2.87% lower than last year.

Apr 19 Cattle closed at $128.550, up $0.050,

Jun 19 Cattle closed at $121.300, down $0.275,

Aug 19 Cattle closed at $118.350, down $0.425,

May 19 Feeder Cattle closed at $149.400, down $1.400

Aug 19 Feeder Cattle closed at $159.475, down $0.150

Sep 19 Feeder Cattle closed at $160.525, down $0.250

---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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.