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Live cattle futures finished locked limit down today, pressured by sharply lower global stock markets and concerns about consumer demand. Feeders were also down their $4.50 limit on Monday. The CME Feeder Cattle Index for 2/5 was up 48 cents to $160.15. Last week, cash cattle trade reported average live sales for all grades $134.46, and average dressed sales of $210.29. A few live sales took place between $126-$136 on Friday, and a few dressed sales ranged from $208 to $216. The USDA reported mixed wholesale beef prices today, as the choice/select spread tightened to $2.23. Choice boxes were down $1.79 to $218.81, but select boxes were up 7 cents to $216.58. FI slaughter on Monday was estimated at 109,000 head, down 2,000 head from both last week and the same day in 2015.
Feb 16 Cattle settled at $133.050, down $3.000,
Apr 16 Cattle settled at $131.400, down $3.000,
Jun 16 Cattle settled at $121.050, down $3.000,
Mar 16 Feeder Cattle settled at $149.325, down $4.500
Apr 16 Feeder Cattle settled at $148.975, down $4.500
May 16 Feeder Cattle settled at $148.550, down $4.500