Central U.S. Daily Direct Feedlot Slaughter Cattle Report as of 3:30 PM
On Wednesday negotiated cash trade was mostly inactive on light demand in all feeding regions. Wednesday afternoon boxed beef cutout values were steady to firm on light demand and offerings. Choice was up .55 at 190.49 with Select up .13 to close at 187.34 on 176 loads. The hide and offal value from a typical slaughter steer for today was estimated at 13.61 per cwt live, unchanged when compared to Tuesday’s value. The estimated cattle slaughter for Wednesday was reported at 122,000. April CME live cattle contracts were up 1.70 to close at 118.50.