Cattle Market News and Commentary

Live cattle futures saw losses of 20 to 27.5 cents in most contracts on Friday, with Feb up 50 cents. Feeder cattle futures were down 55 cents to $1.475. The CME feeder cattle index was down 19 cents on February 14 at $141.31. Wholesale boxed beef prices were higher on Friday afternoon, with the Ch/Se spread at $5.86. Choice boxes were up 78 cents at $216.85 with Select 58 cents higher at $210.99. USDA estimated weekly FI cattle slaughter at 596,000 head. That is down 24,000 head from last week and 6,000 smaller than the same week last year. Cash trade developed late on Friday, with most lots exchanging hands around $125 and $199-200 dressed.

--provided by Brugler Marketing & Management

Market Commentary provided by:

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Phone: 402-697-3623
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