Cattle Market News and Commentary
BRUG - Fri Feb 08, 4:53PM CST

Live cattle futures settled with 42.5 cent to $1.075 gains on Friday, with Feb closing a dime off the high. Feeder cattle futures were up 57.5 cents to $1.025. The CME feeder cattle index was down 12 cents on February 7 at $141.69. Wholesale boxed beef prices were lower on Friday afternoon. Choice boxes were down $1.36 at $215.35 with Select 36 cents lower at $211.17. Week to date USDA estimated FI cattle slaughter is 614,000 head through Saturday. That is up 21,000 head from last week and 25,000 larger than the same week last year. A few cash sales ave been reported around $125 on Friday. USDA trimmed 2018 beef production by 75 million pounds to 26.864 billion. Production for 2019 was also revised lower by 175 million pounds to 27.61 billion.

Feb 19 Cattle closed at $127.375, up $1.075,

Apr 19 Cattle closed at $127.925, up $1.100,

Jun 19 Cattle closed at $118.100, up $0.950,

Mar 19 Feeder Cattle closed at $144.100, up $0.850

Apr 19 Feeder Cattle closed at $145.900, up $1.025

May 19 Feeder Cattle closed at $146.900, up $1.000

--provided by Brugler Marketing & Management