Live cattle futures are currently 10 to 80 cents lower in most contracts on Tuesday. Feeder cattle futures are mixed, with front months steady to 27.5 cents lower and back months higher. The CME feeder cattle index was up 4 cents on February 8 at $141.73. Wholesale boxed beef prices were mixed on Tuesday morning, with the Ch/Se spread at $3.82. Choice boxes were up 65 cents at $217.53 with Select 15 cents lower at $213.71. Monday’s USDA estimated FI cattle slaughter was at 116,000 head. That is down 2,000 head from last week but 5,000 larger than the same week last year. Last Saturday’s estimated slaughter was revised to 35,000 head, which brought the weekly total 7,000 head higher to 620,000 head.
Feb 19 Cattle are at $127.025, down $0.800, |
Apr 19 Cattle are at $128.025, down $0.275, |
Jun 19 Cattle are at $118.150, down $0.225, |
Mar 19 Feeder Cattle are at $144.400, down $0.275 |
Apr 19 Feeder Cattle are at $146.575, down $0.100 |
May 19 Feeder Cattle are at $147.675, unch, |
--provided by Brugler Marketing & Management
