Live cattle futures closed Friday with 77.5 cent to $1.70 gains in most contracts. Feeder cattle futures were up 22.5 cents to $2.275 on the day. The CME feeder cattle index was down 74 cents on March 14 at $137.65. Wholesale boxed beef prices were lower in the Friday afternoon report, with the Ch/Se spread at $9.65/cwt. Choice boxes were down 71 cents at $226.99, as Select was $1.42 lower @ $217.34. USDA estimated this week’s FI cattle slaughter at 593,000 head. That is down 10,000 head from last week as snow or flooding in most of NE and parts of IA caused transportation issues on Thursday. Cash trades this week were reported at $127 across most regions.
Apr 19 Cattle closed at $129.100, up $1.700,
Jun 19 Cattle closed at $121.925, up $1.575,
Aug 19 Cattle closed at $117.725, up $1.275,
Mar 19 Feeder Cattle closed at $141.325, up $0.225
Apr 19 Feeder Cattle closed at $146.925, up $2.275
May 19 Feeder Cattle closed at $148.450, up $2.100
--provided by Brugler Marketing & Management