Cattle Market News and Commentary

Live cattle futures ended the Wednesday session with most contracts 25 to 87.5 cents higher. Feeder cattle futures were mixed, with nearby contracts 5 to 97.5 cents lower and back months higher. The CME feeder cattle index was down 25 cents on January 15 at $144.19. Wholesale boxed beef prices were mixed on Wednesday afternoon. Choice boxes were 31 cents lower at $211.90, with Select up $1.07 at $206.94. USDA estimated week to date FI cattle slaughter at 359,000 head through Wednesday. That is 2,000 head above last week and 11,000 head larger than the same week last year. There were no sales on Wednesday’s FCE, with most asks around $127.

--provided by Brugler Marketing & Management

Market Commentary provided by:

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