Feeder Cattle Futures PricesMon, Apr 27th, 2015
Latest Brugler Feeder Cattle Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Cattle futures opened lower, rallied into plus territory, and then closed $0.70 to $1.575 lower on the day. The Cattle on Feed report leaned bearish overall, but the charts were not. That caused some back and forth trade between the technical traders and the fundamental types. April feeders were firm, but the deferred contracts were mostly more than $2.50 lower on the day. Wholesale prices were mixed with Choice boxes averaging 10 cents lower, and the Select boxes 36 cents higher. Estimated Monday slaughter was 105K head, 5K less than last Monday, and 9K head less than a year ago.
InsideFutures Meats News