Feeder Cattle (P) Futures PricesWed, Oct 22nd, 2014
Latest Brugler Feeder Cattle (P) Report
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Cattle futures are trading around 15 cents higher at midday, feeders are 40 cents to $1.20 higher. Cash cattle trade has been quiet, without enough sales reported yet for a market trend. Asking prices are $168-170, with $260 or higher floating around in the north. Wholesale prices are lower this morning. Choice boxed beef prices were $0.66 lower, while Select boxes were on average 49 cents lower per hundred pounds. The USDA Cold Storage report was slightly bearish, showing an 8% jump in beef in storage during September. Stocks were still 16% smaller than year ago. USDA reported weekly beef export sales for last week totaled 7,600 MT vs. 8,000 MT the previous week.
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