Live cattle futures are posting $1.10 to $1.40 losses at midday. Feeder cattle futures are down $1.35 to 2.25. The CME feeder cattle index was down 29 cents on March 6 at $144.96. Wholesale boxed beef values were mixed on Thursday morning. Choice boxes were down 9 cents at $223.48, with Select boxes up $2.25 at $217.45. Estimated FI cattle slaughter was 348,000 head through Wednesday, 2,000 head fewer than last week but 1,000 head larger than the same week in 2017. Sales of $126 were reported this morning across most regions. Export sales for the week of 3/1 were shown at 19,657 MT. Export data from January was released by Census, showing a record for beef exports at 243.674 million pounds. That was 15.3% larger than last year but down 6.6% from December, which is seasonal.

Apr 18 Cattle are at $121.800, down $1.175,

Jun 18 Cattle are at $113.450, down $1.375,

Aug 18 Cattle are at $111.350, down $1.100,

Mar 18 Feeder Cattle are at $142.425, down $1.350

Apr 18 Feeder Cattle are at $143.175, down $2.200

May 18 Feeder Cattle are at $144.625, down $2.250

Market Commentary provided by:

Brugler Marketing & Management LLC
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