Feeder Cattle Futures PricesThu, Oct 30th, 2014
Latest Brugler Feeder Cattle Report
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Cattle futures closed higher on the session, with October futures up $1.50 and closing above $170 for the first time ever. That contract expires tomorrow. October feeders went off the board today at $239.75, up 90 cents on the day. Beef export sales reported this morning were 20,100 MT, up 92% from the prior four week average and the largest since last spring. Wholesale beef prices averaged 28 cents lower for Choice boxes and 36 cents lower for Select boxes. Cash cattle trade is too thin to indicate a market trend. Asking prices appear to be in the $172-173 range. Estimated week to date FI slaughter at 439K head is 10,000 below last week and 46,000 less than the same point a year ago.
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