Live cattle futures saw 50 cent to $1.025 gains in most contracts on Thursday. Feeder cattle futures were up 25 to 75 cents in most contracts, with March down 45 cents. The CME feeder cattle index was down 69 cents on March 13 at $138.39. Wholesale boxed beef prices were lower in the Thursday afternoon report, with the Ch/Se spread at $8.94/cwt. Choice boxes were down 54 cents at $227.70, as Select was 52 cents lower @ $218.76. USDA estimated the WTD FI cattle slaughter at 447,000 head. That is down 19,000 head from last week as flooding in most of NE and parts of IA caused transportation issues on Thursday. Cash trades this week have been reported at $127 across most regions. US Beef export sales in the week of March 7 totaled 12,811 MT.
--provided by Brugler Marketing & Management