Feeder Cattle Futures PricesWed, Jul 27th, 2016
Latest Brugler Feeder Cattle Report
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Live cattle were up 7.5 to 55 cents on Wednesday, still benefiting from the bullish Cattle on Feed report released last Friday. Feeder futures were slightly higher in most contracts, but Aug16 feeders were 17.5 cents lower. The CME Feeder Cattle Index for 7/26 was 65 cents higher at $139.26. Cash cattle trade has been mostly inactive so far this week, but a few dressed sales of $185 took place on Wednesday. The latest established market had live sales around $115. The USDA showed the average price of choice boxed beef was 85 cents lower on Wednesday to $199.08, and the average price of select boxes was down 77 cents to $190.05. Through Wednesday, FI slaughter was estimated at 336,000 head, identical with last week, and 18,000head larger than the same three days in 2015.
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