Cattle

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 week to date FI cattle slaughter was 236,000 head through Tuesday. That is even with last week. There are already reports of $118 bids in parts of the country on Tuesday.




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