Cattle Rally from Weakness in Grains
Related Stocks
 LEJ24 - Live Cattle
SymLastChgPct
LEJ24185.000s+1.400+0.76%
LEQ24178.200s+1.525+0.86%
GFJ24247.125s+0.250+0.10%
GFK24248.700s+0.425+0.17%

The weakness in feed inputs let cattle bounce triple digits out of the weekend. Front month cattle futures closed the session $0.87 to $2.20 higher with June the strongest. The June to August spread tightened on the day, but is still +$2. Cash sales were quiet as is typical on Monday. Last week’s business was mostly $119, with some $117 early last week in the North. At the close, feeder cattle futures were $3.72 to $4.42 stronger. The CME Feeder Cattle Index for May 6th was down by another 73 cents to $130.83.     

Wholesale Boxed Beef prices were stronger in the PM quote. Choice boxes were up $3.23 to $309.11 and Select was $3.49 higher to $293.76. Choice rib primals were $522.63 cwt. and Select was $447.02. USDA’s estimate for federally inspected cattle slaughter is 119,000 head. That is up 5,000 from last Monday.  

Jun 21 Cattle  closed at $118.225, up $2.200,

Oct 21 Cattle  closed at $124.550, up $1.100,

May 21 Feeder Cattle  closed at $135.450, up $3.725

Aug 21 Feeder Cattle  closed at $148.700, up $4.425




<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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