At the closing bell for Tuesday, live cattle futures were $1.47 to $2.85 higher. That erased most of the Monday losses. April fats are a $4.05 premium to Feb, and a $4.42 premium to June. Feeder cattle closed with $1.17 to $1.72 gains. The 01/04 CME Feeder Cattle Index was $135.13, down by another $1.42. There were reports of $113 traded in SD on Tuesday. USDA confirmed sales remain light, with just some northern dressed deals at $175. Wholesale Boxed Beef Prices were lower on Tuesday. Choice boxes were down $3.97, and the 4 cent drop in Select tightened the spread to $9.41. USDA’s estimate for Tuesday’s FI cattle slaughter was 118,000 head. That brought WTD slaughter to 230k head. The same week last year was 244k head.
--- provided by Brugler Marketing & Management
<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing & 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>
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