Live cattle futures were mixed on Wednesday, with nearby Oct 7.5 cents higher. Feeder cattle futures were mostly lower as nearby Oct was up 7.5 cents. The CME feeder cattle index was 5 cents higher at $155.22 on October 10.Wholesale beef prices were lower in the Wednesday afternoon report. Choice was down $1.08 at $196.32, while select boxes were $1.26 lower at $188.76. Week to date FI cattle slaughter was estimated at 351,000 head through Wednesday, about 9,000 larger than the previous week and 8,000 head above the same week last year. Wednesday morning’s FCE online auction showed no sales of the 1,391 head that were offered, as sales of $110-$110.75 were passed by feedlots.

Market Commentary provided by:

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