Cattle Working Lower at Midday
Related Stocks
 LEJ24 - Live Cattle
SymLastChgPct
LEJ24185.000s+1.400+0.76%
LEQ24178.200s+1.525+0.86%
GFJ24247.125s+0.250+0.10%
GFK24248.700s+0.425+0.17%

For the 5th straight day, front month fat cattle futures are in the red. Midday prices are down 32 cents to $1.07 so far. There have been 35 deliveries scheduled against April cattle, with a total of 119 tendered deliveries. Cash business has been limited, save for some light $121 trade in KS and TX. The special Thursday FCE auction again resulted in no sales for the 4,284 head listed. Bids were more sparse than yesterday and limited to $120.50, while most feedlots were asking $122. Feeder cattle futures are down as well, with losses of 62 cents to 92 cents. The April 13 CME Feeder Cattle Index was down a dime to $143.56.     

USDA reported 15,666 MT of beef bookings for the week ending 4/15. That was an 8 week low but even with the same week last year. Beef exports were 19,049 MT; South Korea was the top destination followed by Japan and China.

Wholesale Boxed Beef prices were higher in USDA’s morning update. Choice boxes were $3.92 higher and Select was up $1.56. Choice rib primals were quoted at $475.61 cwt. USDA’s estimate for WTD cattle slaughter through Wednesday is 343,000 head, which is 2k head below last week’s pace.   

Apr 21 Cattle  are at $121.025, down $1.075,

Aug 21 Cattle  are at $119.600, down $0.575,

Apr 21 Feeder Cattle  are at $140.525, down $0.625

May 21 Feeder Cattle  are at $144.500, down $0.925




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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QFormat="true" Name="TOC Heading"/> </w:LatentStyles> </xml><![endif]--><!-- [if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--></p> <div class="MsoNormal" align="center"> <p>Did you know Brugler Marketing &amp; Management has more to offer to you than just this free daily commentary?! 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