Live cattle futures rounded out the Wednesday session with 20 to 35 cent gains. There were 7 of the previous 10 deliveries retendered against October live cattle for Amarillo on Wednesday. Cash trade has yet to be reported this week as the Wednesday Fed Cattle exchange saw no bids or sales on the 1,172 head offered. Feeder cattle futures were off the midday lows to close the session with 20 to 65 cent losses. The CME Feeder Cattle Index was up another $1.45 at $374.47 on October 14.
USDA Wholesale Boxed Beef prices were mixed in the Wednesday afternoon report, with the Chc/Sel spread at $17.32. Choice boxes were up $2.06 to $366.48, while Select was $1.39 lower at $349.16. USDA federally inspected cattle slaughter for Wednesday was estimated at 122,000 head, with the weekly total at 348,000. That is 13,000 head above last week but 21,193 shy of the same week last year.
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Oct 25 Live Cattle closed at $242.175, up $0.350,
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