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Cattle futures settled $0.20 lower to $0.07 higher.Feeders settled $1.32 to $1.42 higher.Wholesale beef prices set new all time highs, with Choice boxes up $2.04 at $261.34 and Select up $2.86 at $259.03 in the afternoon report. The choice/select spread has narrowed to only $2.30.Cash trade is not expected until later in the week. Asking prices appear to be $168-170 in the south and $266-269 in the north. Week to date slaughter is 223,000 head vs. 229,000 last week and 242,000 at the same point in 2013.
Aug 14 Cattle closed at $158.775, down $0.200,
Oct 14 Cattle closed at $159.075, up $0.075,
Dec 14 Cattle closed at $159.150, unch,
Aug 14 Feeder Cattle closed at $221.425, up $1.425
Sep 14 Feeder Cattle closed at $222.450, up $1.350
Oct 14 Feeder Cattle closed at $222.125, up $1.325