Live Cattle Futures PricesWed, Jul 23rd, 2014
Latest Brugler Live Cattle Report
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Cattle futures closed sharply higher on the day, with August the strongest contract and closing limit up at $155.95. The front 3 months of feeders settled lock limit $3.00 higher. Wholesale beef prices posted solid gains yesterday, and were reported sharply higher again today. Choice boxes were up another $ 2.28 today at $252.80 and Select boxes were up $1.71 at $245.79. Those are both new record highs for the afternoon reports. Estimated week to date slaughter was reported 4K head larger than last Tuesday at 232,000 head. Cash cattle trade is inactive so far this week. Show lists with asks in the $158-160 were reported in the South, and around $250 in the North, but no sales have been reported. The last established market was last week at $155-$156, and $246-$248. In the cold storage report, frozen beef stocks as of June 30 came in at 74.3% of a year ago; they were 78.3% of a year ago back on May 31. The Cattle on Feed report will be released on Friday.
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