Cattle Gains Triple Digits on Tuesday
Related Stocks
 LEM21 - Live Cattle
SymLastChgPct
LEM21120.100s-2.200-1.80%
LEV21126.575s-3.400-2.62%
GFQ21157.400s-0.300-0.19%
GFU21159.100s-0.700-0.44%

Fat cattle futures closed the Tuesday session with gains of $1.35 to $1.70, save for June contracts which gained 40 cents. Cash trade remains light through Tuesday with some reports of $119.50 in TX, and Northern dressed deals at $191. Central Stockyards is hosting the FCE tomorrow featuring 2,029 head of cattle from NE, KS, and TX.  Feeder cattle futures recovered from midday losses and closed 15 to 47 cents in the black. The CME Feeder Cattle Index for May 7th was down 68 cents to $130.15.     

Wholesale Boxed Beef prices were stronger in the PM update with a $3.26 increase for Choice and a $2.58 bump to Select. USDA’s estimate for federally inspected cattle slaughter was 118,000 head for Tuesday. That has the WTD slaughter at 230,00 head after a 7,000 reduction to Monday’s estimate. 

Jun 21 Cattle  closed at $118.625, up $0.400,

Oct 21 Cattle  closed at $126.150, up $1.600,

May 21 Feeder Cattle  closed at $135.325, down $0.125

Aug 21 Feeder Cattle  closed at $148.850, up $0.150




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.