Live cattle futures are showing another round of losses on Tuesday. Feeder cattle futures are down 85 cents to $1.225. The CME feeder cattle index was down 64 cents on March 8 at $143.34. Wholesale boxed beef values were mixed on Tuesday morning. Choice boxes were up 11 cents at $224.01, with Select boxes down 19 cents at $217.30. The Ch/Se spread is now at $6.71. Estimated FI cattle slaughter was at 113,000 head on Monday, 6,000 head fewer than last week and 1,000 head below than the same week in 2017. Wednesday’s online FCE auction has just 113 head listed for sale, all from Kansas.

Apr 18 Cattle are at $121.175, down $0.375,

Jun 18 Cattle are at $112.775, down $0.500,

Aug 18 Cattle are at $110.325, down $0.500,

Mar 18 Feeder Cattle are at $141.200, down $0.975

Apr 18 Feeder Cattle are at $141.725, down $0.850

May 18 Feeder Cattle are at $142.875, down $1.225

Market Commentary provided by:

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