Feeder Cattle (P) Futures PricesTue, Oct 21st, 2014
Latest Brugler Feeder Cattle (P) Report
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Cattle futures are mixed at midday after October posted a new all time high for the front month contract again this morning. December also posted a new high earlier in the session at $169.75, but are lower on the day. Feeders are lower on higher grain prices after four days of choppy trading at or near the daily limits. Cash cattle trade was quiet on Monday without enough sales for a market trend. Wholesale beef prices were up in the morning report. Choice boxed beef is 20 cents higher, and Select is 39 cents higher. Choice is back above $250/cwt. Estimated Monday slaughter was 10K head smaller than a year ago. USDA last night had the national pasture and range condition rating slightly lower than last week, but still in much better shape than a year ago.
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