Cattle Market News and Commentary
BRUG - Thu Mar 14, 7:29AM CDT

Live cattle futures settled steady to 65 cents higher on Wednesday. Feeder cattle futures were mixed, with front month March up 25 cents and other nearby contracts lower. The CME feeder cattle index was up 6 cents on March 12 at $139.08. Wholesale boxed beef prices were mixed in the Wednesday afternoon report, with the Ch/Se spread widening to $8.96/cwt. Choice boxes were up 2 cents at $228.24, as Select was $1.07 lower @ $219.28. USDA estimated the WTD FI cattle slaughter at 354,000 head, up 4,000 wk/wk and 3,000 larger than last year. FCE’s online auction saw no sales on the 755 head offered on Wednesday, with bids of $126.50 passed by feedlots. Cash trades on Wednesday were later reported at $127 across most regions.

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.