Schwieterman Cattle Comments

Live cattle futures closed sharply higher on Monday, with April and beyond scoring new contract highs. April was up 2.55, settling just a dime off of session highs.

Schwieterman Cattle Commentary

Live Cattle
Trend
Short Term: Up
Long Term: Up
Opening Calls: Mixed

Live cattle futures closed sharply higher on Monday, with April and beyond scoring new contract highs.  April was up 2.55, settling just a dime off of session highs. The move higher came in spite of sharply lower equities and a higher Dollar. Cutouts finished the day +.34 on choice and +.98 on select cuts. Overnight has the Dollar firmer and equities modestly lower. Monday‚Äôs cash trade was quiet.

Feeder Cattle
Trends
Short Term: Up
Long Term: Down
Opening Call: Mixed

Feeder cattle futures were moderately higher on Monday, getting strength from the sharply higher fat market but being held back by firmer grain prices. The cash index was up .31 to 179.88. Overnight corn values are 2-3 cents lower in early morning trade.

Bret Crotts
620-275-4133
888-437-9131
bret@swbell.net