Feeder Cattle (P) Futures PricesMon, Sep 22nd, 2014
Latest Brugler Feeder Cattle (P) Report
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Cattle futures are trading mostly 35 to 50 cents lower at mid-session. The September 1 Cattle on Feed at 99.2% of year ago was slightly larger than the trade had expected. Placements were 97.1% of year ago, and marketings came in at 90.4%. Wholesale beef prices are higher this morning. Choice is up 66 cents, and Select boxes are 91 cents higher. Weekly estimated slaughter for the week, including Saturday, was 21K head smaller than the previous week, and 60K head smaller than the same week a year ago. The large managed money spec funds added 7,855 contracts to their net long position in cattle futures during the week ending 9/16/14.
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