Live cattle futures finished the Wednesday trade session with nearby Dec 52.5 cents higher. Other front months were weaker into the close after seeing near triple digit gains earlier. Feeder cattle futures were 35 to 77.5 cents higher on the day with a few back months lower. The CME feeder cattle index on December 26 was down 36 cents to $148.36. Wholesale boxed beef values were lower on Wednesday afternoon. Choice was down $1 at $201.60, with select down 41 cents at $190.42. Estimated FI cattle slaughter was 209,000 head through Wednesday. That is 29,000 head fewer than the same week last year. This morning’s FCE online auction showed no sales on the 637 head, with most asking prices around $122.

Market Commentary provided by:

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