Cattle Complex Continued Lower
Related Stocks
 LEJ24 - Live Cattle
SymLastChgPct
LEJ24181.475s+0.300+0.17%
LEQ24173.550s+0.025+0.01%
GFJ24241.325s-0.275-0.11%
GFK24242.000s-0.550-0.23%

At the settle on Monday live cattle futures were another 20 to 57 cents in the red. For June contracts that combines for a $6.75 drop since the last green candle on April 7. Preliminary OI in April is 7,410 contracts ahead of next Friday’s (30th) expiration. There have been 64 completed deliveries against April fats through 4/16. Front month feeders finished the Monday session $1.25 to $1.90 lower. The April 16 CME Feeder Cattle Index was down $1.55 to $140.13.     

Wholesale Boxed Beef prices were higher in the Monday PM report. Choice boxes were $276.17 after a 12 cent bump, and Select boxes were 3 cents higher to $269.13. USDA estimated the Monday slaughter under federal inspection at 119,000 head. That is up 7,000 head wk/wk, but not comparable yr/yr due to packer shutdowns.

Apr 21 Cattle  closed at $120.350, down $0.500,

Aug 21 Cattle  closed at $118.650, down $0.500,

Apr 21 Feeder Cattle  closed at $137.725, down $1.900

May 21 Feeder Cattle  closed at $142.475, down $1.250




<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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