Live cattle futures are mostly higher, with Oct up 55 cents. Feeder cattle futures are 37.5 to 65 cents higher in the nearby contracts. The CME feeder cattle index was down 4 cents from the previous day at $148.97 on September 11. Wholesale beef prices were lower in the Wednesday morning report, with the Ch/Se spread going back positive to $1.35. Choice was down 7 cents at $190.72, as select boxes were $1.49 lower at $189.37. FI cattle slaughter was estimated at 233,000 head through Tuesday, which is 10,000 head larger than the same week in 2016. The FCE online auction showed one lot of 128 head sold at an average price of $104.75. Three other lots saw offers passedon by feedlots.

Oct 17 Cattle are at $106.825, up $0.550,

Dec 17 Cattle are at $112.200, up $0.650,

Feb 18 Cattle are at $116.025, up $0.775,

Sep 17 Feeder Cattle are at $148.350, up $0.375

Oct 17 Feeder Cattle are at $149.750, up $0.600

Nov 17 Feeder Cattle are at $149.900, up $0.650

Market Commentary provided by:

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