Cattle

Live cattle futures settled with 15 to 70 cent losses in most contracts on Friday. Feeder cattle futures were down 10 to 65 cents. The CME feeder cattle index was down 10 cents on March 15 at $142.71. Wholesale boxed beef values were higher on Friday afternoon. Choice boxes were up 60 cents at $225.59, with Select boxes 55 cents higher at $216.86. Estimated week to date FI cattle slaughter is 595,000 head through Saturday, 2,000 below last week but 6,000 head above the same week in 2017. Cash sales of $128-129 were reported on Thursday. Managed money backed off their net long position in live cattle futures and options by 7,836 contracts to 84,720 contracts as of Tuesday.

Apr 18 Cattle closed at $121.250, down $0.600,

Jun 18 Cattle closed at $111.750, down $0.550,

Aug 18 Cattle closed at $109.125, down $0.675,

Mar 18 Feeder Cattle closed at $139.975, down $0.650

Apr 18 Feeder Cattle closed at $140.200, down $0.625

May 18 Feeder Cattle closed at $140.950, down $0.650




Market Commentary provided by:

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