Live cattle futures saw 75 cent to $2.35 losses in most contracts on Tuesday. Feeder cattle futures were 97.5 cents to $1.575 in the red on the day. The CME feeder cattle index was down 27 cents on March 11 at $139.02. Wholesale boxed beef prices were higher in the Tuesday afternoon report, with the Ch/Se spread at $7.87/cwt. Choice boxes were up 86 cents at $228.22, as Select was 72 cents higher @ $220.35. USDA estimated the WTD FI cattle slaughter at 239,000 head, up 3,000 wk/wk and 7,000 larger than last year. A total of 755 head are being offered on Wednesday’s FCE auction. A few dressed bids of $204-205 are being reported in NE on Tuesday.
--provided by Brugler Marketing & Management