Feeder Cattle Futures PricesTue, Sep 16th, 2014
Latest Brugler Feeder Cattle Report
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Cattle futures are currently trading lower at midday. Feeders are mixed, from 25 cents higher to 55 cents lower, with the October contract currently steady to the Monday close. Cash cattle trade it reported mostly inactive on light demand. It was down $2-3 late last week after hitting record levels the prior week, with volume at $160-162 in the south and $248-250 in the north. Asking prices appear to be in the $164-165 area this week. Wholesale beef prices were reported mixed this morning with Choice boxes averaging 40 cents lower while Select 600-900 pound carcasses were up $0.22. Estimated Monday slaughter was 115K head on par with last Monday, and 4K head short of the same day a year ago.
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