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 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.

Feb 18 Cattle closed at $126.825, down $0.300,

Apr 18 Cattle closed at $124.775, down $0.225,

Jun 18 Cattle closed at $116.650, down $0.075,

Mar 18 Feeder Cattle closed at $147.275, down $0.400

Apr 18 Feeder Cattle closed at $149.500, down $0.025

May 18 Feeder Cattle closed at $150.325, up $0.175

Market Commentary provided by:

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