Cattle Market News and Commentary

Live cattle futures closed mostly 35 to 65 cents higher on Friday, with nearby Feb down 57.5 cents. Feb was up 1.24% for the week. Cash trade was mostly seen around $124 on Friday afternoon. Feeder cattle futures were steady to 30 cents higher, with March a dime lower. Jan FC were down $3.20 on the week. The CME feeder cattle index was down $1.04 on January 17 at $142.05. Wholesale boxed beef prices were higher on Friday afternoon, with the Ch/Se spread tightening to $3.70. Choice boxes were up 65 cents at $212.15, with Select $1.95 81 at $209.45. USDA estimated week to date FI cattle slaughter at 620,000 head through Saturday. That is 6,000 head below last week and 7,000 head larger than the same week last year.

--provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
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