Live cattle futures were 30 to 90 cents lower in most contracts on Wednesday. Feeder cattle futures were down mostly 32.5 to 85 cents, with nearby Jan $1.10 lower. The CME feeder cattle index on January 9 was $151.57, down 85 cents from the previous day. Wholesale boxed beef values were lower on Wednesday afternoon. Choice boxes averaged 43 cents lower at $210.06, with Select boxes down 46 cents per cwt at $203.23. Estimated weekly FI cattle slaughter was 354,000 head through Wednesday. That is 7,000 head more than the same week last year. Cash trade was early this week with sales of $120 across most regions. This morning’s FCE showed sales of $119 on 401 of the 711 head offered.

Feb 18 Cattle closed at $116.875, down $0.800,

Apr 18 Cattle closed at $118.675, down $0.850,

Jun 18 Cattle closed at $110.775, down $0.900,

Jan 18 Feeder Cattle closed at $144.375, down $1.100

Mar 18 Feeder Cattle closed at $142.225, down $0.525

Apr 18 Feeder Cattle closed at $142.350, down $0.325

Market Commentary provided by:

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