Feeder Cattle (P) Futures PricesThu, Apr 17th, 2014
Latest Brugler Feeder Cattle (P) Report
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Cattle futures settled $.30 to $1.55 lower. Feeders were $0.70 to $1.85 lower. USDA put weekly export sales for beef at 21,900 MT, a marketing year high which failed to do much for futures. Wholesale beef prices were higher today with choice boxes up $2.13 at $225.88 while select boxes were up $0.96 at $215.43 in the afternoon report. Cash trade was reported at $148 today but futures perceived it as the beginning of the end and we saw some profit taking in the nearby contracts. The CME Feeder Cattle Index was down $0.68 to $178.95. Week to date FI slaughter was 458,000 head vs. 460,000 last week and 482,000 for the same point in 2013.
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