Cattle Market News and Commentary

Live cattle futures ended the day with most contracts steady to 50 cents lower. Feeder cattle futures were down 20 to 80 cents. The CME feeder cattle index was up 7 cents on January 8 at $145.70. Wholesale boxed beef prices were lower on Wednesday afternoon. Choice boxes were down 14 cents at $213.84, with Select 79 cents lower at $206.47. USDA estimated WTD FI cattle slaughter at 357,000 head through Wednesday. That was 4,000 head above the same week last year. The FCE saw no sales on the 571 head offered online on Wednesday, with feedlots asking $125.

Feb 19 Cattle closed at $124.800, down $0.500,

Apr 19 Cattle closed at $125.800, down $0.350,

Jun 19 Cattle closed at $117.250, down $0.225,

Jan 19 Feeder Cattle closed at $146.825, down $0.800

Mar 19 Feeder Cattle closed at $144.900, down $0.550

Apr 19 Feeder Cattle closed at $145.475, down $0.625

--provided by Brugler Marketing & Management




Market Commentary provided by:

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