Feeder Cattle (P) Futures PricesMon, Mar 10th, 2014
Latest Brugler Feeder Cattle (P) Report
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Cattle futures settled $0.50 to $0.55 higher on the day. Feeders were $1.32 to $2.15 higher, with the May 14 contract displaying the most strength and posting a new high for the move at $176.57. Estimated Monday daily slaughter was reported at 105,000 head compared to 113,000 head last week. Boxed beef prices were higher with choice cuts up $2.88 at $238.90 while select cuts were up $3.12 at $235.99. The Choice/Select spread is at $2.91. Cash cattle trade is quiet to start the week but ran $146-150 in the South, and $237-240 in the North last week. The CME Feeder Cattle Index was up 0.86 at $173.34.
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