Cattle Market News and Commentary

Live cattle futures ended Wednesday with most contracts steady to 50 cents lower. Feeder cattle futures were down 20 to 80 cents. The CME feeder cattle index was up 7 cents on January 8 at $145.70. Wholesale boxed beef prices were lower on Wednesday afternoon. Choice boxes were down 14 cents at $213.84, with Select 79 cents lower at $206.47. USDA estimated WTD FI cattle slaughter at 357,000 head through Wednesday. That was 4,000 head above the same week last year. The FCE saw no sales on the 571 head offered online on Wednesday, with feedlots asking $125.

--provided by Brugler Marketing & Management

Market Commentary provided by:

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