Live cattle futures are showing gains of 50 cents to $1.55 at midday. Feeder cattle futures are mostly $1.675 to $1.925 higher in most front months on Monday. The CME feeder cattle index was down 43 cents on February 8 at $147.59. Wholesale boxed beef values were higher on Monday morning. Choice boxes were up $1.50 at $208.02, with Select boxes $1.77 higher at $204.51. The Ch/Se spread had narrowed down to $3.51. 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. Most cash trade was in the $126 range last week.

Feb 18 Cattle are at $127.025, up $0.500,

Apr 18 Cattle are at $125.175, up $1.550,

Jun 18 Cattle are at $116.850, up $1.425,

Mar 18 Feeder Cattle are at $147.875, up $1.675

Apr 18 Feeder Cattle are at $149.525, up $1.775

May 18 Feeder Cattle are at $150.250, up $1.925

Market Commentary provided by:

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