Feeder Cattle Futures PricesFri, May 1st, 2015
Latest Brugler Feeder Cattle Report
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Cattle futures were lower on the day as June took over as the front month and posted a loss of 52.5 cents; it was down more than $2 for the week. May feeder cattle futures were also posted a loss on the week, but the picked up 65 cents on the day in their debut as the lead month. Choice boxed beef lost $2.26 today, and was off $2.35 for the week. Select boxes averaged just 83 cents lower today, but were down $4.40 from Friday to Friday. Estimated weekly FI slaughter was 566K including Saturday. That is 22K head more than last week, but 44K head less than a year ago. Cash cattle traded at $160-162 on Friday. The weekly Commitment of Traders report from the CFTC had managed money accounts adding about 12.6% to their net long in live cattle futures and options.
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