Cattle

Live cattle futures saw losses of 70 cents to $1.45 on Wednesday. Feeder cattle futures were down 55 cents to $1.725. The CME feeder cattle index was down 25 cents on May 15 at $135.67. Wholesale boxed beef values were lower on Wednesday afternoon. Choice boxes were down 61 cents at $231.03, with Select boxes $1.01 lower at $208.50. Week to date FI cattle slaughter was estimated at 354,000 head through Wednesday. That is down 2,000 head from last week but 5,000 head larger than the same week last year. A few early cash trades were reported at $115-116 on Wednesday, down $1 from Tuesday.




Market Commentary provided by:

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