Cattle Futures Look to Cash Trade For Support
Related Stocks
 LEM21 - Live Cattle
SymLastChgPct
LEM21116.025s+0.550+0.48%
LEV21123.450s-0.025-0.02%
GFK21131.725s+1.250+0.96%
GFQ21144.275s+0.875+0.61%

Follow through selling on Tuesday left the board $0.32 to $1.17 in the red. A trend for cash cattle business is not established for the week. There was some light $121 trade in TX. The Central Stockyards FCE auction has 3,643 head listed for this morning. The stronger basis has dried up delivery notices against April futures. Feeder cattle futures closed $2.05 to $2.42 weaker. The CME Feeder Cattle Index was up 30 cents on 4/12 to $141.91.     

Wholesale Boxed Beef prices were mixed again on Tuesday, tightening the Chc/Sel spread to $3.57. Choice boxes were down $1.30 and Select boxes were another 38 cents stronger. USDA’s estimate for Tuesday’s FI cattle slaughter is 116,000 head, leaving the week’s total at 228,000 head.  

Apr 21 Cattle  closed at $122.400, down $0.325,

Aug 21 Cattle  closed at $120.900, down $1.050,

Apr 21 Feeder Cattle  closed at $142.450, down $2.050

May 21 Feeder Cattle  closed at $147.325, down $2.375




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.