Cattle Market News and Commentary

Live cattle futures saw slight gains in the front months on Thursday. Feeder cattle futures were mixed, with nearby Jan down 7.5 cents. The CME feeder cattle index was down 15 cents on January 9 at $145.55. Wholesale boxed beef prices were higher on Thursday afternoon. Choice boxes were up 12 cents at $213.96, with Select $1.30 higher at $207.77. USDA estimated WTD FI cattle slaughter at 477,000 head through Thursday. That was 5,000 head above the same week last year. As of Thursday, cash bids were scarce with a $119 live in TX and $195 in IA reported. Asks are up around $125-126 and $200 respectively.

--provided by Brugler Marketing & Management




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