Live cattle futures ended the day with most contracts steady to 25 cents in the green. Feeder cattle futures were mixed with most nearby months lower. The CME feeder cattle index was down 29 cents on March 6 at $144.96. Wholesale boxed beef values were steady to higher on Wednesday afternoon. Choice boxes were up 22 cents at $223.57, with Select boxes UNCH at $215.20. Estimated FI cattle slaughter was 348,000 head through Wednesday, 2,000 head fewer than last week but 1,000 head larger than the same week in 2017. The FCE online auction showed sales on 387 of the 474 head offered, at $126. There were bids of $126 and $203-204 reported for Wednesday in the country, but not much for sales.

Market Commentary provided by:

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