Cattle

Live cattle futures rallied $1.20 to $2.90 on Tuesday, reacting to Friday’s friendly Cold Storage report. Feeder cattle futures also showed sharp gains of $2 to $2.85. The CME feeder cattle index on December 25 was down 64 cents to $148.72. Wholesale boxed beef values were sharply higher on Monday afternoon. Choice was up $3.04 at $202.60, with select $2.95 higher at $190.83. Estimated FI cattle slaughter was 119,000 head on Tuesday, after Monday’s kill was quiet due to the Holiday. That is 4,000 head fewer than the same week last year.




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