Cattle Futures open Steady to Higher - Hogs Steady

February Cattle is trading up 0.25 at 161.12. February Lean Hog Futures are up 0.15 at 80.40. June Lean Hogs are unchanged at 89.07. The USDA estimated yesterday that cattle slaughter was 115,000 head, up from 112,000 last week and down from 121,000 a year ago. USDA boxed beef cutout values ended up 79 cents at $239.36 and down from $245.52 a week ago. Cold storage Beef stocks came in at 396.6 million pounds, higher than expected but 88% of last year. Frozen Beef supply was up 4.9% on the report, while the average increase over 10 years at this time is 2.4%.