Live cattle futures ended Thursday with most contracts a nickel to 22.5 cents higher. Feeder cattle futures were mixed with the front months 12.5 to 85 cents in the red and back months higher. The CME feeder cattle index on January 10 was $148.81, down $2.78 from the previous day. Wholesale boxed beef values were lower on Thursday afternoon. Choice boxes averaged 99 cents lower at $209.07, with Select boxes down 28 cents per cwt at $202.95. Estimated weekly FI cattle slaughter was 472,000 head through Thursday. 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 closed at $117.075, up $0.200,

Apr 18 Cattle closed at $118.875, up $0.200,

Jun 18 Cattle closed at $111.000, up $0.225,

Jan 18 Feeder Cattle closed at $143.825, down $0.550

Mar 18 Feeder Cattle closed at $141.375, down $0.850

Apr 18 Feeder Cattle closed at $141.850, down $0.500

Market Commentary provided by:

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