Live cattle futures are down 10 to 30 cents in most front months on Thursday. Feeder cattle futures are $1.10 to $1.30 lower in the nearby contracts at midday. 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. The USDA reported weekly Beef export sales of 14,705 MT for 2018 this morning, as 38,249 MT were carried over from 2017 unshipped sales into 2018.

Feb 18 Cattle are at $116.725, down $0.150,

Apr 18 Cattle are at $118.450, down $0.225,

Jun 18 Cattle are at $110.675, down $0.100,

Jan 18 Feeder Cattle are at $143.150, down $1.225

Mar 18 Feeder Cattle are at $140.925, down $1.300

Apr 18 Feeder Cattle are at $141.250, down $1.100

Market Commentary provided by:

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