So far for Wednesday, fat cattle futures prices are up $0.90 to $1.65. The weekly FCE auction resulted in no sales for the 2,904 head listed. Bids were capped at $136-$137, while feedlots were asking $138+. Feeder cattle are also trading higher on the board with $0.67 to $1.02 gains so far. The CME Feeder Cattle Index for 1/24 was $159.77, down by another 69 cents.Â
Wholesale Boxed Beef prices were lower again in the AM report, with Choice down another 88 cents and Select boxes $1.23 lower. USDA estimated FI cattle slaughter at 118k head for Tuesday. That has the WTD kill at 233k head, matching the same week last year.Â
Feb 22 Cattle  are at $138.125, up $1.025,
Jun 22 Cattle  are at $136.950, up $1.525,
Jan 22 Feeder Cattle  are at $158.600, up $0.050
Mar 22 Feeder Cattle  are at $160.950, up $1.100
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