Live cattle futures are showing mixed trade on Wednesday following Tuesday’s gains. Feeder futures are steady to 20 cents lower at midday. The CME feeder cattle index on January 1 was $155.33, down 69 cents from the previous day. Wholesale boxed beef values were sharply higher on again on Wednesday. Choice boxes were on average $3.52 higher, with Select boxes up $2.36 per cwt. Estimated week to date FI cattle slaughter is 116,000 head. That is 3,000 head more than last week, but 14,000 fewer than the same week last year due to smaller numbers on both Monday and Tuesday. This morning’s FCE online auction saw no sales on the 388 head offered.

Feb 18 Cattle are at $122.625, down $0.725,

Apr 18 Cattle are at $124.175, up $0.075,

Jun 18 Cattle are at $115.450, up $0.275,

Jan 18 Feeder Cattle are at $149.325, down $0.200

Mar 18 Feeder Cattle are at $146.750, down $0.125

Apr 18 Feeder Cattle are at $146.900, down $0.025

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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