Cattle Market News and Commentary

Live cattle futures posted 65 cent to $1.40 losses in most contracts Tuesday. Feeder cattle futures were 40 cents to $1.45 lower on the day. The CME feeder cattle index was down 9 cents on January 21 at $141.62. Wholesale boxed beef prices were higher on Tuesday afternoon. Choice boxes were up $1.08 at $216.34, with Select 86 cents higher at $211.72. USDA estimated this week’s FI cattle slaughter at 235,000 head through Tuesday. That is 4,000 head below last week and well above the same week last year. The online FCE auction today has a total of 4,139 head on showlists, with a majority out of Nebraska.

--provided by Brugler Marketing & Management




Market Commentary provided by:

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