Live cattle futures settled Friday with mixed trade, as most contracts were steady to 45 cents higher. Fed cattle futures were 2.5% higher this week. Feeder cattle futures were also mixed on Friday, with contracts 62.5 cents lower to 12.5 cents higher. Jan was up 0.85% on the week. The CME feeder cattle index was down 9 cents on January 10 at $145.46. Wholesale boxed beef prices were lower on Friday afternoon. Choice boxes were $1.50 lower at $212.46, with Select down the same amount at $206.27. USDA estimated WTD FI cattle slaughter at 626,000 head through Saturday. That was 14,000 head above the same week last year. Most of Friday afternoon’s cash trade was around $124, with a few $123 live and $197 dressed sales thrown in the mix.
Feb 19 Cattle closed at $124.975, up $0.100,
Apr 19 Cattle closed at $126.375, up $0.450,
Jun 19 Cattle closed at $117.200, down $0.175,
Jan 19 Feeder Cattle closed at $146.125, down $0.625
Mar 19 Feeder Cattle closed at $144.900, down $0.175
Apr 19 Feeder Cattle closed at $145.750, up $0.075
--provided by Brugler Marketing & Management