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Live cattle futures saw gains of 60 cents to $1.375 in most contracts on Monday. Feeder cattle futures were 82.5 cents to $1.825 higher on the day despite the higher feed prices. The CME feeder cattle index was up 4 cents on February 9 at $147.63. Wholesale boxed beef values were higher on Monday afternoon. Choice boxes were up $1.72 at $208.24, with Select boxes $1.23 higher at $203.97. Estimated FI cattle slaughter was 110,000 head on Monday. That was down 4,000 from the previous week and 1,000 head fewer than the same Monday last year. Most cash trade was in the $126 range last week.

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