Live Cattle Futures PricesMon, Nov 30th, 2015
Latest Brugler Live Cattle Report
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Live cattle futures settled 22 to 87.5 cents higher on Friday. Opening calls are 30 to 50 higher. Dec15 cattle were the strongest, and were up $2.125 on the week. Feeder futures were 30 cents to $1.025 higher on Friday. Jan16 feeders were $2.38 higher from the week before. The CME Feeder Cattle Index for 11/25 was 53 cents lower to $172.16. Year to date beef export commitments are 10.7% smaller than they were as of this week in 2014. The strong US dollar is an issue. A few cash cattle sales took place averaging $123 on Friday. Packer bids were up to $196 in the north but with little reported. The USDA reported higher beef prices, as choice boxes were 31 cents higher to $204.40, and select boxes were up $1.74 to $195.50. Beef production last week totaled 390 million pounds. Actual slaughter was 558,029 head during the week ending November 14, while dressed weights were steady at 846 pounds. FI slaughter with Saturday estimates was 462,000 head last week, held back by the holiday.
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