U.S. CATTLE REPORT: Boxed beef over $291; Slaughter down 2K head from Tuesday; Chicken & pork strong... (VIEW REPORT)

Improvement... Yesterday’s daily federally inspected cattle slaughter reached 117k head, the largest thus far in January and a clear improvement. Expectations are that daily slaughter levels will push back to 120k to 122k on a regular basis and the temporary slowdown of throughput will be behind the industry (The Beef)

USDA estimates daily cattle slaughter at 115K head, compared to 114K last week and 121K last year. WTD slaughter at 345K head, compared to 341K last week and 351K last year (Wed)

MEATBOARD: Boxed Beef Choice: $291.60 (+2.11); Pork Carcass: $95.47 (+8.26); Chicken Breast: $232.10 (+0.90) (Wed pm)

Boxed Beef PM: Choice: $291.60 (+2.11); Select: $280.43 (+2.04); Ch/Se Spread: 11.17; Total Loads: 115 compared to 124 on Tuesday

CME LIVESTOCK: Live Cattle: $143.35 (+1.50); Feeder Cattle: $165.625 (+0.20) Hogs: $91.35 (+2.075); Milk: $22.25 (-0.23)

CME GRAINS: Corn: $6.105 (+11.00); Soybeans: $13.9125 (+30.00); Wheat: $7.965 (+27.50); Cotton: $123.95 (+2.87)

STOCK UPDATE: Dow 30: 35,028.65 (-339.82); Nasdaq: 14,340.26 (-166.64); S&P 500: 4,532.76 (-44.35)

Torrington Livestock Markets (Torrington, WY) reports 131 Heifers (558 lbs) @ $173.50 (01/19 2:35 PM CST)

OKC West Livestock Market LLC (El Reno, OK) reports 128 Steers (748 lbs) @ $159.50 (01/19 2:04 PM CST)

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