Live cattle futures closed Monday with most contracts steady to 70 cents lower. Feeder cattle futures were down 12.5 cents to $1.725. The CME feeder cattle index was down 74 cents on March 8 at $139.29. Wholesale boxed beef prices were higher in the Monday afternoon report, with the Ch/Se spread out to $7.73/cwt. Choice boxes were up $1.23 at $227.36, as Select was 85 cents higher @ $219.63. USDA estimated Monday’s FI cattle slaughter at 119,000 head, up 3,000 wk/wk and up 5,000 from last year. Cash cattle traded at $128-128.50 last week, with $205 in the North.
--provided by Brugler Marketing & Management