Feeder Cattle (P) Futures PricesTue, Jan 27th, 2015
Latest Brugler Feeder Cattle (P) Report
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Live cattle futures were mostly 10 to 80 cents lower on Monday, but the August and October contracts were 50 to 42.5 cents higher respectively. The market remains focused on concerns about demand as pork and poultry steal center stage thanks to lower prices and especially with supermarket Super Bowl ads strongly pushing barbeque, ribs and wings. Cash cattle activity was typically quiet on Monday with the bulk of sales last week reported at $160. The boxed beef cutout was down $2.33 at $251.41 for Choice and down $2.44 at $244.79 for Select. Monday cattle slaughter is estimated at 112K, the same as a week ago and up 4K from a year ago. The CME feeder cattle index is $210.82, down $2.84.
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