Feeder Cattle (P) Futures PricesThu, Jul 31st, 2014
Latest Brugler Feeder Cattle (P) Report
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Cattle futures settled $1.825 to $2.60 lower. Feeders settled sharply lower, registering losses between $2.20 and $3.00. Wholesale beef prices were mixed today, with choice boxes 74 cents higher at $263.66, and select 23 cents lower than yesterday at $260.60. Both Choice and Select boxes gained more than 3% from Thursday to Thursday. Week to date estimated slaughter is 7K head less than last week, and 33K head less than the same period a year ago. Cash cattle trade is quiet, and not expected to develop until Friday. The last established market was last week with live sales mostly between $162 and $166, and dressed sales were around $255 - $257. USDA reported weekly exports for beef at 17,300 MT; the largest reported since the week of July 3rd.
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