Live cattle futures are mixed, with front month April down slightly and a few back months higher. Feeder cattle futures are up 20 to 60 cents in most contracts. The CME feeder cattle index was down 27 cents on March 11 at $139.02. Wholesale boxed beef prices were lower in the Wednesday morning report, with the Ch/Se spread at $8.14/cwt. Choice boxes were down 9 cents at $228.13, as Select was 36 cents lower @ $219.99. USDA estimated the WTD FI cattle slaughter at 239,000 head, up 3,000 wk/wk and 7,000 larger than last year. A few dressed bids of $204-205 are being reported in NE on Tuesday. FCE’s online auction saw no sales on the 755 head offered on Wednesday, with bids of $126.50 passed by feedlots. A few light trades of $127 and $204 have been reported in NE today.
Apr 19 Cattle are at $126.575, down $0.075,
Jun 19 Cattle are at $119.150, up $0.475,
Aug 19 Cattle are at $115.800, up $0.325,
Mar 19 Feeder Cattle are at $141.825, up $0.525
Apr 19 Feeder Cattle are at $144.625, up $0.225
May 19 Feeder Cattle are at $146.375, up $0.275
--provided by Brugler Marketing & Management