Feeder Cattle Futures PricesThu, Jul 30th, 2015
Latest Brugler Feeder Cattle Report
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Live cattle futures closed 80 cents lower to 33 cents higher, with the strength in the August contract. Feeders settled 2 higher to 32 cents lower, due to stronger corn and soybean prices on Thursday. Weekly exports of beef during the week ending July 23 totaled just 6,200 MT, according to the weekly USDA report. The cash cattle trade was mostly inactive throughout the day, with a few sales of $145 live, and $229 dressed. The CME Feeder Cattle Index for 7/29 was up 89 cents to $215.78. USDA reports higher afternoon wholesale prices. Choice boxes were up 72 cents (+75 cents Thurs to Thurs) to $233.34, while select boxes are up 25 cents (+$1.36 Thurs to Thurs) to an average of $229.32. The WTD estimated slaughter is 427,000 head, down 9,000 head from a week ago at this time, and 95% of this week in 2014.
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