Live cattle futures ended the Tuesday session with losses of 5 to 67.5 cents in the nearby contracts. Feeder cattle futures were 10 to 85 cents lower, with a few back months slight higher. The CME feeder cattle index was down 19 cents on March 3 at $145.25. Wholesale boxed beef values were higher on Tuesday afternoon. Choice boxes were up 12 cents at $223.35, with Select boxes $0.36 higher at $215.20. Estimated FI cattle slaughter was 234,000 head through Tuesday, even with last week and 3,000 head larger than the same week in 2017. A few cash sales of $126 were reported on Tuesday. Wednesday’s FCE online auction is showing 474 head of cattle for sale, mainly from KS and TX.

Apr 18 Cattle closed at $122.825, down $0.400,

Jun 18 Cattle closed at $114.775, down $0.575,

Aug 18 Cattle closed at $112.450, down $0.675,

Mar 18 Feeder Cattle closed at $144.300, down $0.850

Apr 18 Feeder Cattle closed at $146.125, down $0.750

May 18 Feeder Cattle closed at $147.100, down $0.575

Market Commentary provided by:

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