Live cattle futures saw gains of 60 cents to $1.375 in most contracts on Monday. Feeder cattle futures were 82.5 cents to $1.825 higher on the day. The CME feeder cattle index was up 4 cents on February 9 at $147.63. Wholesale boxed beef values were higher on Monday afternoon. Choice boxes were up $1.72 at $208.24, with Select boxes $1.23 higher at $203.97. Estimated FI cattle slaughter was at 110,000 head on Monday. That was down 4,000 from the previous week and 1,000 head fewer than the same week last year. Most cash trade was in the $126 range last week.

Feb 18 Cattle closed at $127.125, up $0.600,

Apr 18 Cattle closed at $125.000, up $1.375,

Jun 18 Cattle closed at $116.725, up $1.300,

Mar 18 Feeder Cattle closed at $147.675, up $1.475

Apr 18 Feeder Cattle closed at $149.525, up $1.775

May 18 Feeder Cattle closed at $150.150, up $1.825

Market Commentary provided by:

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