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Cattle Posting Triple Digit Gains to Close the Week

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Live cattle futures are following up Thursday’s late session rally with $1.50 to $2.10 gains on Friday. Feeder cattle futures are up $2.35 to $2.55 at midday. The 02/12 CME Feeder Cattle Index was 31 cents higher to $140.67. Wholesale boxed beef prices were higher on Friday morning. Choice boxes were up $1.40 to $207.85 cwt, while select boxes were $1.98 lower to $205.77 cwt. Cash trade so far this week has been around $118-119. The USDA estimated FI cattle slaughter for the week through Thursday at 482,000 head, which is 4,000 head below last week and 15,000 more yr/yr.

FEB 19 Cattle are at $121.000, up $1.550,

APR 19 Cattle are at $120.625, up $2.100,

JUN 20 Cattle are at $112.350, up $1.725,

MAR 19 Feeder Cattle are at $138.800, up $2.475

APR 19 Feeder Cattle are at $141.500, up $2.550

MAY 19 Feeder Cattle are at $143.175, up $2.350

---provided by Brugler Marketing & Management

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