Live cattle futures settled Tuesday with most contracts 72.5 cents to $1.475 higher. Feeder cattle futures were 35 to 95 cents in the green on the day, with nearby Jan down a dime. The CME feeder cattle index was down $1.13 on December 3 at $146.72. Wholesale beef prices were mixed on Tuesday afternoon, widening the Ch/Select spread to $16.35. Choice boxes were up 78 cents at $213.86, with the Select cutout value $1.67 lower at $197.51. USDA’s estimated FI cattle slaughter is at 240,000 head WTD, up 4,000 head from last week and up 2,000 head from a year ago. Wednesday’s FCE online auction is showing only 219 head offered for sale.
--provided by Brugler Marketing & Management