Cattle Market News and Commentary

Live cattle futures saw 72.5 cent to $1.40 losses on Friday, with Feb down 1.81% this week. Feeder cattle futures were also triple digits lower in most front months, as Jan lost 2.8% on the week. The CME feeder cattle index was down $.46 on January 3 at $145.60. Wholesale boxed beef prices were lower on Friday afternoon. Choice boxes were down $1.98 at $214.51, with Select $1.72 lower at $207.66. USDA estimated this week’s FI cattle slaughter at 520,000 head through Saturday. Cash trade was reported at $123 on Thursday, with a few sales of $122.5-123 live and 195 in the beef on Friday.

--provided by Brugler Marketing & Management

Market Commentary provided by:

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