Live cattle futures ended Wednesday with most contracts 52.5 to 97.5 cents higher. Feeder cattle futures were also higher, with front months $1 to $1.20 higher. The CME feeder cattle index was down 33 on December 4 at $146.39. Wholesale beef prices were lower on Wednesday afternoon. Choice boxes were down 60 cents at $213.26, with the Select cutout value 65 cents lower at $196.86. USDA’s estimated FI cattle slaughter is at 360,000 head WTD, up 4,000 head from last week and 2,000 head large than a year ago. Wednesday’s FCE online auction saw sales on all 219 head offered, with the two lots selling @ $117.50-118.
--provided by Brugler Marketing & Management