Feeder Cattle (P) Futures PricesFri, Aug 26th, 2016
Latest Brugler Feeder Cattle (P) Report
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Live cattle futures were down more than two dollars in the front two contracts on Friday and August futures lost $3.20 for the week. Feeders were also sharply lower, ending Friday trade with most contracts showing losses of at least $1.725. September feeders were down 2.81% on the week. Wholesale beef prices were lower on Friday with choice down 88 cents and the select average 58 cents lower at $199.48 and $193.57 respectively. From Friday to Friday, the choice price was down 59 cents and select was only 3 cents lower. Cash cattle trade was light on Friday The last fully reported market was on Wednesday with live sales from $114.50 to $115.50, and dressed sales sold from $181 to $182. USDA estimates WTD cattle slaughter including Saturday is 47,000 head larger than the same week last year, but only 1,000 head larger than the previous week.
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