Live cattle futures finished the Friday session with 20 to 42.5 cent gains in the front months. Feeders were the leaders, as most nearby contracts were up triple digits. The CME feeder cattle index was up 50 cents on February 1 at $148.03. Wholesale boxed beef values were lower on Friday afternoon. Choice boxes were down 50 cents at $209.10, with Select boxes $1.09 lower at $203.45. Estimated weekly FI cattle slaughter was 629,000 head. That is up 41,000 from last week and 33,000 head larger than the same week last year. Cash trade was fairly quiet on Friday, with most sales made earlier in the week at $126.

Market Commentary provided by:

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