Feeder Cattle Futures PricesFri, Aug 29th, 2014
Latest Brugler Feeder Cattle Report
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Cattle futures are trading 30 cents to $1.00 higher. Ignore the August contract, which is expiring today and has widely divergent bids and asks for the few players remaining. Wholesale beef prices are lower again today, with retailers waiting to see holiday weekend clearances before restocking. Choice boxes averaged 90 cents lower in the morning report, with Select boxes losing $.49. Cash cattle trade is firming, with packer bids up to $155. A few sales have been reported $1-2 above last week, but asking prices are in the $156-158 range. Some NE business was reported at $245.
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