Live cattle futures settled the Wednesday with 17.5 to 82.5 cent gains. Feeder cattle futures were up 30 to 92.5 cents. The CME feeder cattle index was up cents on February 13 at $147.62. Wholesale boxed beef values were higher on Wednesday afternoon. Choice boxes were up 45 cents at $207.81, with Select boxes 38 cents higher at $203.51. Estimated weekly FI cattle slaughter was 342,000 head through Wednesday. That was down 4,000 from the previous week but 2,000 head more than the same week last year. Cash cattle trade has yet to develop for the week, as this morning’s FCE online auction saw no sale on the 255 head offered. There was one lot that passed on an offer of $124.

Feb 18 Cattle closed at $127.650, up $0.825,

Apr 18 Cattle closed at $125.225, up $0.450,

Jun 18 Cattle closed at $117.050, up $0.400,

Mar 18 Feeder Cattle closed at $148.175, up $0.900

Apr 18 Feeder Cattle closed at $150.425, up $0.925

May 18 Feeder Cattle closed at $151.100, up $0.775

Market Commentary provided by:

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