Feeder Cattle (P) Futures PricesWed, Feb 10th, 2016
Latest Brugler Feeder Cattle (P) Report
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Live cattle futures were 65 cents to $1.30 higher yesterday, with the Aug16 contract the strongest. Feeders settled with gains of $1.72 to $2.25, as Apr16 feeders led the charge higher. The CME Feeder Cattle Index for 2/9 was down 27 cents to $159.49. Some cash cattle trade was reported on Wednesday, with live sales from $133 to $134. The USDA reported that choice boxed beef prices were up 16 cents on Wednesday to $218.19, and select boxes were just 2 cents higher to $213.62. Week to date FI slaughter was estimated at 323,000 head, 4,000 head larger than the same week in 2015.
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