Live cattle futures are showing 25 to 45 cent higher trade on Tuesday. Feeder cattle futures are also 40 to 65 cents in the green. The CME feeder cattle index on January 11 was $146.80, down $2.01 from the previous day. Wholesale boxed beef values were lower on Tuesday morning. Choice boxes averaged 46 cents lower at $207.57, with Select boxes down 74 cents per cwt at $201.30. Estimated weekly FI cattle slaughter was 118,000 head on Monday. That was even with last week. There are already reports of $118 bids in parts of the country on Tuesday.

Feb 18 Cattle are at $117.825, up $0.450,

Apr 18 Cattle are at $119.900, up $0.450,

Jun 18 Cattle are at $111.875, up $0.250,

Jan 18 Feeder Cattle are at $145.000, up $0.650

Mar 18 Feeder Cattle are at $143.075, up $0.425

Apr 18 Feeder Cattle are at $143.400, up $0.400

Market Commentary provided by:

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