Live cattle futures finished with limit losses in the front months on Wednesday. Thursday will have expanded limits for live cattle contracts. Feeder cattle futures were down $3 to $4.40 on the day. The CME feeder cattle index was down 29 cents on June 13 at $153.92. Wholesale beef prices were lower in the afternoon report, with choice boxes down 16 cents at $251.03. Select was 79 cents lower, with an average of $220.66. Cash cattle exchanged hands at around $130 in NE today, with bids of $128 in the South. Tuesday trade was around $130-$134. Estimated FI cattle slaughter through Wednesday was 350,000 head, up 1,000 from last week and 15,000 head more than the same week a year ago.

Market Commentary provided by:

Brugler Marketing & Management LLC
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