Cattle Market News and Commentary

Live cattle futures saw 65 cent to $1.275 gains in most contracts on Monday, the first day of the Goldman Roll and also the index fund rebalancing window. Preliminary open interest was up 1,007 contracts. Feeder cattle futures were up 85 cents to $1.10. The CME feeder cattle index was up 46 cents on January 4 at $146.06. Wholesale boxed beef prices were mixed on Monday afternoon. Choice boxes were down 23 cents at $214.28, with Select 55 cents higher at $208.21. USDA estimated Monday’s FI cattle slaughter at 118,000 head. That was 1,000 head above the same week last year.

--provided by Brugler Marketing & Management

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