Cattle

Live cattle futures finished the Tuesday session with most front months steady to 30 cents lower and back months higher. Feeder cattle futures were steady to 40 cents lower in the nearby contracts, as deferred months were higher. The CME feeder cattle index was down 6 cents on February 12 at $147.57. Wholesale boxed beef values were lower on Tuesday afternoon. Choice boxes were down 88 cents at $207.36, with Select boxes down 84 cents at $203.13. Estimated weekly FI cattle slaughter was 227,000 head through Tuesday. That was down 3,000 from the previous week but 1,000 head more than the same week last year. Cash cattle trade has yet to develop for the week.




Market Commentary provided by:

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