Cattle

Live cattle futures ended the Friday session with most contracts 10 to 40 cents lower, as nearby Feb was 75 cents higher. Feeder cattle futures were 27.5 cents to $1.05 lower. The CME feeder cattle index was down 43 cents on February 8 at $147.59. Wholesale boxed beef values were lower on Friday afternoon. Choice boxes were down $2.01 at $206.52, with Select boxes $1.05 lower at $202.74. The Ch/Se spread had narrowed down to $3.78. Estimated FI week to date cattle slaughter is 591,000 head through Saturday. That was down 20,000 from the previous week on lighter Saturday slaughter, but 12,000 head larger than the same week last year. Cash trade was slow to develop, but some $125-126 trades were popping up late on Friday, with $200 reported in Nebraska.

Feb 18 Cattle closed at $126.525, up $0.750,

Apr 18 Cattle closed at $123.625, down $0.100,

Jun 18 Cattle closed at $115.425, down $0.100,

Mar 18 Feeder Cattle closed at $146.200, down $1.050

Apr 18 Feeder Cattle closed at $147.750, down $0.900

May 18 Feeder Cattle closed at $148.325, down $0.600




Market Commentary provided by:

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