Cattle Market News and Commentary

Live cattle futures settled Tuesday with the front months 75 cents to $1.525 higher and deferred contracts lower. Feeder cattle futures were mostly higher on Tuesday, with nearby Jan a dime lower. The CME feeder cattle index was down 21 cents on January 14 at $144.44. Wholesale boxed beef prices were higher on Tuesday afternoon. Choice boxes were 19 cents higher at $212.21, with Select up 41 cents at $205.87. USDA estimated week to date FI cattle slaughter at 239,000 head through Tuesday. That is 2,000 head above last week and 6,000 head larger than the same week last year. The show list for today’s FCE online auction shows a modest 542 head.

--provided by Brugler Marketing & Management




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