Live cattle futures settled the day with most contracts 40 cents to $1.125 lower. Feeder cattle futures also showed losses of 62.5 cents to $1.20 on Tuesday. The CME feeder cattle index was down 17 cents on February 5 at $147.95. Wholesale boxed beef values were lower on Tuesday afternoon. Choice boxes were down $1 at $208.43, with Select boxes $1.43 lower at $202.73. Estimated FI week to date cattle slaughter was 230,000 head through Tuesday. That was down 4,000 from the previous week but 8,000 head larger than the same week last year.

Feb 18 Cattle closed at $125.625, down $0.500,

Apr 18 Cattle closed at $124.575, down $0.900,

Jun 18 Cattle closed at $115.825, down $1.125,

Mar 18 Feeder Cattle closed at $148.725, down $0.950

Apr 18 Feeder Cattle closed at $149.425, down $1.100

May 18 Feeder Cattle closed at $149.125, down $1.200

Market Commentary provided by:

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