Cattle Market Posted Sharp Losses on Wednesday

Live cattle futures saw $1.55 to $2.775 losses in most contracts on Wednesday. Feeder cattle futures were down $2.775 to $3.10 in the 2019 contracts. The CME feeder cattle index was down 6 cents to $145.78 on April 23. Wholesale boxed beef prices were lower on Wednesday afternoon. Choice boxes were down $1.15 at $232.96, with Select boxes 98 cents lower @ $220.28. USDA estimated this week’s FI cattle slaughter at 357,000 head through Wednesday. That was down 6,000 head from the week prior but 3,000 above the same week last year. Wednesday’s FCE online auction saw one lot of 124 head sold for $127, with the other 3 lost unsold and asks of $127.75-128. A few cash trades were shown at $126 in the South on Wednesday.

Apr 19 Cattle closed at $126.775, down $1.550,

Jun 19 Cattle closed at $118.350, down $2.775,

Aug 19 Cattle closed at $115.825, down $2.375,

May 19 Feeder Cattle closed at $146.525, down $3.100

Aug 19 Feeder Cattle closed at $156.725, down $2.975

Sep 19 Feeder Cattle closed at $157.875, down $2.975

---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.