At the closing bell front month cattle futures closed $0.45 to $1.15 higher. Back month cattle prices were 15 to 22 cents weaker. Feeder cattle faded the midday gains, but still ended the session $0.97 to $1.72 higher. Jan feeders ended 17 cents in the red. The CME Feeder Cattle Index was $1.04 lighter at $134.45 on 1/14. USDA mentioned very light cash cattle activity at $105 live and $169 carcass in the WCB. Wholesale Boxed Beef prices were higher on Tuesday widening the Chc/Sel spread to $11.05. Choice boxes were up $2.45, to $217.49. Select boxes were 60 cents higher to $206.44. Primal ribs were $344.07, compared to $315.37 in Select ribs. There was no premium in short plate primals, and the spread for chuck primals was just $3.45 cwt. USDA estimated Tuesday’s slaughter at 117,000 head. WTD slaughter is 229k head, compared to 231k LW and 245k LY.
| Feb 21 Cattle closed at $113.325, up $0.550, |
| Apr 21 Cattle closed at $119.350, up $1.150, |
| Jun 21 Cattle closed at $116.725, up $0.450, |
| Jan 21 Feeder Cattle closed at $134.400, down $0.175 |
| Mar 21 Feeder Cattle closed at $136.800, up $0.975 |
| Apr 21 Feeder Cattle closed at $139.600, up $1.300 |
--- provided by Brugler Marketing & Management
<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing & Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p>
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