Cattle Market News and Commentary

Live cattle futures posted a sharp $2.10 gain in Feb on Tuesday, with other contracts higher. There has been some talk about death loss and lower finishing weights due to heavy snows last week in NE and KS. Feeder cattle futures were up 80 cents to $1.625 in most contracts. The CME feeder cattle index was down 43 cents on January 7 at $145.63. Wholesale boxed beef prices were lower on Tuesday afternoon. Choice boxes were down a penny at $213.98, with Select 95 cents lower at $207.26. USDA estimated WTD FI cattle slaughter at 237,000 head. That was 2,000 head above the same week last year. The FCE is back online this week, with a total of 513 head offered for today’s auction from KS and NE.

--provided by Brugler Marketing & Management




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