Cattle Market Mixed On Pause in Beef Rally

Fat cattle futures ended the Tuesday session with gains through the Feb contracts. The deferred months were 15 to 25 cents weaker. Feeder cattle futures closed the Tuesday session with triple digit losses of at least $1.92. The 10/05 Feeder Cattle Index from CME was 36 cents higher at $143.10. There was some light $107 trade reported in the WCB, but not enough to establish a trend for this week’s sales. The FCE auction show list has 470 head. Wholesale boxed beef prices were weaker on Tuesday. Choice boxes were $216.24, down $0.74, and Select boxes were down by $1.17. USDA estimates Tuesday cattle slaughter under federal inspection at 120,000. The week’s slaughter is estimated at 236,000 head, which is even with last year’s pace. --- provided by Brugler Marketing & Management




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