Cattle

Live cattle futures are currently 20 to 80 cents in the red in most contacts. Feeder cattle futures are down 72.5 to 82.5 cents in the front months. The CME feeder cattle index was up 9 cents on February 1 at $148.12. Wholesale boxed beef values were mixed on Tuesday morning. Choice boxes were up 47 cents at $209.90, with Select boxes 92 cents lower at $203.24. 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.

Feb 18 Cattle are at $125.900, down $0.225,

Apr 18 Cattle are at $124.675, down $0.800,

Jun 18 Cattle are at $116.250, down $0.700,

Mar 18 Feeder Cattle are at $148.950, down $0.725

Apr 18 Feeder Cattle are at $149.700, down $0.825

May 18 Feeder Cattle are at $149.575, down $0.750




Market Commentary provided by:

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