Cattle

Live cattle futures ended the Tuesday session with losses of 5 to 67.5 cents in the nearby contracts. Feeder cattle futures were 10 to 85 cents lower, with a few back months slight higher. The CME feeder cattle index was down 19 cents on March 3 at $145.25. Wholesale boxed beef values were higher on Tuesday afternoon. Choice boxes were up 12 cents at $223.35, with Select boxes $0.36 higher at $215.20. Estimated FI cattle slaughter was 234,000 head through Tuesday, even with last week and 3,000 head larger than the same week in 2017. A few cash sales of $126 were reported on Tuesday. Wednesday’s FCE online auction is showing 474 head of cattle offered for sale, mainly from KS and TX.




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