Live cattle futures were 32 to 67 cents higher on Wednesday, swimming against the bearish current in the ag commodities. October fats ended the day a dollar stronger @ $105.85. Feeder cattle maintained the triple digit gains, closing $1.47 to $1.60 higher in the front months. October feeders were a $1.85 premium to the Index. They expire today. The 10/27 CME Feeder Cattle Index was $133.32, down by 32 cents. USDA confirmed cash sales for the week are just 3.2% of last week’s activity. The wide range is from $101 to $106.25, but USDA reported the average for the 988 head sold at $101.54. The FCE online auction sold 1,275 of the 2,012 head listed, with a wtd average price of $105.95. USDA’s wholesale boxed beef prices were mixed again in the PM update - tightening the Chc/Sel spread to $16.21. Choice boxes were down 91 cents, and Select boxes were 91 cents higher. USDA estimates the week’s cattle slaughter at 350,000 head through Wednesday. That is 10,000 head lower wk/wk but up 3,000 from the same week last year.
--- provided by Brugler Marketing & Management