Live cattle futures are 22.5 to 82.5 cents higher on Wednesday. Feeder cattle futures are up 90 cents to $1.075 in the front months. The CME feeder cattle index was down 6 cents on February 12 at $147.57. Wholesale boxed beef values were mixed on Wednesday morning. Choice boxes were up 9 cents at $207.45, with Select boxes down 50 cents at $202.63. 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, as this morning’s FCE online auction saw no sale on the 255 head offered. There was one lot that passed on an offer of $124.

Feb 18 Cattle are at $127.600, up $0.775,

Apr 18 Cattle are at $125.600, up $0.825,

Jun 18 Cattle are at $117.275, up $0.625,

Mar 18 Feeder Cattle are at $148.225, up $0.950

Apr 18 Feeder Cattle are at $150.575, up $1.075

May 18 Feeder Cattle are at $151.225, up $0.900

Market Commentary provided by:

Brugler Marketing & Management LLC
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