Live cattle futures are mostly 45 to 65 cents in the red at midday. Feeder cattle futures are 70 to 80 cents lower in the front months at the moment. The CME feeder cattle index was down 7 cents on May 9 at $137.93. Wholesale boxed beef values were steady to lower on Friday morning. Choice boxes were UNCH at $231.07, with Select boxes down 14 cents at $209.00. Week to date FI cattle slaughter was 475,000 head through Thursday, up 3,000 head from last week and 9,000 head larger than the same week last year. Cash trade has yet to develop in volume this week with a few scattered sales of $122-123 and $193 in the North.

Jun 18 Cattle are at $107.075, down $0.450,

Aug 18 Cattle are at $103.675, down $0.625,

Oct 18 Cattle are at $106.750, down $0.500,

May 18 Feeder Cattle are at $137.800, down $0.800

Aug 18 Feeder Cattle are at $143.225, down $0.725

Sep 18 Feeder Cattle are at $143.350, down $0.775

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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