Feeder Cattle (P) Futures PricesTue, May 26th, 2015
Latest Brugler Feeder Cattle (P) Report
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Live cattle futures settled 32 cents lower to 2 cents higher. Feeder cattle were mostly higher with August leading the way, up 60 cents on the day, settling at $219.60. Pasture and range conditions continued to improve in the weekly USDA report. The CME feeder cattle Index was up another 48 cents at $222.01. Wholesale beef prices were higher on the day with Choice boxes up 82 cents and Select boxes up $1.58. Estimated week to date FI slaughter is 117,000 head, much lower than last week due to the holiday, but off 8K from the same period a year ago.
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