Live cattle futures are trading 25 to 45 cents higher in the nearby contracts at midday. Feeder cattle futures are up 25 to 67.5 cents. The CME feeder cattle index was down 19 cents on March 3 at $145.25. Wholesale boxed beef values were mixed on Wednesday morning. Choice boxes were down 6 cents at $223.29, with Select boxes $0.25 higher at $215.45. 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. Today’s FCE online auction showed sales on 387 of the 474 head, with all lots selling for $126.

Apr 18 Cattle are at $123.250, up $0.425,

Jun 18 Cattle are at $115.225, up $0.450,

Aug 18 Cattle are at $112.725, up $0.275,

Mar 18 Feeder Cattle are at $144.675, up $0.375

Apr 18 Feeder Cattle are at $146.400, up $0.275

May 18 Feeder Cattle are at $147.775, up $0.675

Market Commentary provided by:

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