Cattle

Live cattle futures were 30 to 90 cents lower in most contracts on Wednesday. Feeder cattle futures were down mostly 32.5 to 85 cents, with nearby Jan $1.10 lower. The CME feeder cattle index on January 9 was $151.57, down 85 cents from the previous day. Wholesale boxed beef values were lower on Wednesday afternoon. Choice boxes averaged 43 cents lower at $210.06, with Select boxes down 46 cents per cwt at $203.23. Estimated weekly FI cattle slaughter was 354,000 head through Wednesday. That is 7,000 head more than the same week last year. Cash trade was early this week with sales of $119-120 across most regions. Wednesday morning’s FCE showed sales of $119 on 401 of the 711 head offered.




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