Live cattle futures settled with losses of 45 cents to $1.15 on Monday. Feeder cattle futures were 75 cents to $1.45 lower. The CME feeder cattle index was up 9 cents on February 1 at $148.12. Wholesale boxed beef values were higher on Monday afternoon. Choice boxes were up 33 cents at $209.43, with Select boxes 71 cents higher at $204.16. Estimated FI cattle slaughter was 114,000 head on Monday. That was down 4,000 from the previous week but 5,000 head larger than the same Monday last year. Most cash sales were reported at $126 last week. Show list collection appears to have been the main activity today.

Market Commentary provided by:

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