Feeder Cattle Futures PricesTue, Oct 21st, 2014
Latest Brugler Feeder Cattle Report
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Cattle futures are currently steady to 50 cents lower after posting a new all time high for the front month contract yesterday. Cash cattle trade for top quality steers last week averaged $167.08 and the futures market is trying to keep up with the cash. Dressed prices averaged $259.19. Wholesale beef prices were mixed on Monday, with USDA showing average prices for Choice beef 24 cents higher, and Select boxes 14 cents lower. Estimated Monday slaughter was about the same as last Monday, but 10K head smaller than a year ago. USDA last night had the national pasture and range condition rating slightly lower than last week, but still in much better shape than a year ago.
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