Live cattle futures saw gains of 25 to 92.5 cents in most contracts on Tuesday. Feeder cattle futures were up $1.10 to $1.275 in the front months. The CME feeder cattle index on January 15 was $145.38, down 46 cents from the previous day. Wholesale boxed beef values were sharply lower on Tuesday afternoon. Choice boxes averaged $2.45 lower at $205.58, with Select boxes down $2.15 per cwt at $199.89. Estimated weekly FI cattle slaughter was 236,000 head othrough Tuesday. That is even with last week. There are already reports of $118 bids in parts of the country on Tuesday.

Feb 18 Cattle closed at $118.100, up $0.725,

Apr 18 Cattle closed at $120.375, up $0.925,

Jun 18 Cattle closed at $112.350, up $0.725,

Jan 18 Feeder Cattle closed at $145.600, up $1.250

Mar 18 Feeder Cattle closed at $143.925, up $1.275

Apr 18 Feeder Cattle closed at $144.075, up $1.075

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353

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