BRUG - Wed Jan 03, 4:49PM CST

Live cattle futures saw mixed trade on Wednesday, with nearby Feb down 40 cents and most back months higher. Feeder futures were also mixed with Jan 15 cents lower. The CME feeder cattle index on January 1 was $155.90, up 57 cents from the previous day. Wholesale boxed beef values were sharply higher again on Wednesday. Choice boxes averaged $3.48 higher than Tuesday, with Select boxes up $2.59 per cwt. Estimated week to date FI cattle slaughter is 227,000 head. That is 18,000 head more than last week, but 16,000 fewer than the same week last year due to smaller numbers on both Monday and Tuesday. This morning’s FCE online auction saw no sales on the 388 head offered.

Feb 18 Cattle closed at $122.950, down $0.400,

Apr 18 Cattle closed at $124.375, up $0.275,

Jun 18 Cattle closed at $115.350, up $0.175,

Jan 18 Feeder Cattle closed at $149.375, down $0.150

Mar 18 Feeder Cattle closed at $146.825, down $0.050

Apr 18 Feeder Cattle closed at $146.975, up $0.050

Market Commentary provided by:

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