Cattle Market Waiting on Cash Direction
BRUG - Wed Apr 24, 7:09AM CDT

Live cattle futures ended Tuesday with most contracts steady to 57.5 cents lower. Feeder cattle futures got some help from lower corn, with marginal gains in most contracts and nearby May down $1.175. The CME feeder cattle index was down 13 cents to $145.84 on April 22. Wholesale boxed beef prices were lower on Tuesday afternoon. Choice boxes were down 37 cents at $234.11, with Select boxes $1.38 lower @ $221.26. USDA estimated this week’s FI cattle slaughter at 236,000 head through Tuesday. That was down 6,000 head from the week prior and even with the same week last year. The FCE auction today has 461 head listed for sale.

---provided by Brugler Marketing & Management




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