Feeder Cattle Futures PricesThu, May 26th, 2016
Latest Brugler Feeder Cattle Report
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Live cattle futures were triple digits higher, with the exception of the nearby June contract. Feeders were also triple digits higher with the exception of the expired May contract. It was 42 higher as it went off the board. The CME feeder cattle index for 5/25 was down 93 cents to $147.60. We saw some cash cattle activity across the country today, with live trades running $122-125 and carcass based at $195-198. Wholesale beef prices were lower in the pre-holiday lull. Choice boxed beef prices were 85 cents lower in the pm report, with select boxes down $1.82. Week to date FI cattle slaughter is running behind last week by 1000 head at 447,000. Export sales reported this morning for the week ending May 19 were 10,000 MT to the usual buyers.
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