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Live cattle futures finished the day mostly in the red, but the August and October contracts posted gains of 50 and 42.5 cents respectively.Feeder cattle futures were sharply lower on the day.The market remains focused on concerns about demand as pork and poultry steal center stage thanks to lower prices and especially with supermarket Super Bowl ads strongly pushing barbeque, ribs and wings. Cash cattle activity was quiet today with the bulk of sales last week reported at $160.Boxed beef cutout is reported down $2.33 at $251.41 for Choice and down $2.44 at $244.79 for Select. Cattle slaughter is estimated at 112K, the same as a week ago and up 4K from a year ago. The CME feeder cattle index is $210.82, down $2.84.
Feb 15 Cattle closed at $149.825, down $0.525,
Apr 15 Cattle closed at $148.000, down $0.800,
Jun 15 Cattle closed at $142.675, down $0.100,
Jan 15 Feeder Cattle closed at $211.650, down $2.050
Mar 15 Feeder Cattle closed at $199.975, down $1.850
Apr 15 Feeder Cattle closed at $201.100, down $1.450