Feeder Cattle (P) Futures PricesThu, Oct 23rd, 2014
Latest Brugler Feeder Cattle (P) Report
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Cattle futures closed mostly more than a dollar higher today. Feeders posted gains from 77 cents to $1.70 in the January contract. October feeders contracts expire a week from today. Cash cattle trade has been quiet, without enough sales reported yet for a market trend. Asking prices are $168-170, with $260 or higher floating around in the north. Packer bids are mostly still at $166. Wholesale prices came in lower today, with Choice off $1.57 and Select off $1.53. USDA reported weekly beef export sales for last week totaled 7,600 MT vs. 8,000 MT the previous week. Estimated week to date slaughter is 449K, 4K larger than last week, but 40K head smaller than a year ago.
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