Feeder Cattle (P) Futures PricesMon, Jul 6th, 2015
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Live cattle futures finished Monday with moderate losses mostly from 25 to 72.5 cents. Feeder cattle were also lower, down 47.5 to 70 cents on the session. The CME cash index for the July 3 average was $221.81, down $1.48. Cash cattle prices were up around $2.00 last week, as packers paid $240-242 in NE and $153-153.50 in the south ahead of the holiday. There was almost zero activity today. The afternoon USDA report showed wholesale prices sharply lower, with Choice off $2.47 and Select down $4.13. Estimated Monday slaughter was 108,000 head, off 5K head from the previous week and 3K head from a year ago. The CFTC showed managed money accounts lightening up on their net long positions in both cattle and feeders in the weekly report.
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