Feeder Cattle Futures PricesThu, Aug 21st, 2014
Latest Brugler Feeder Cattle Report
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Cattle futures are trading lower at midday on thin volume, with lots of bids and few trades. Feeder cattle futures are showing triple digit losses for September and October again today, but August is 15 cents into the green. This morning, USDA reported net weekly beef export sales totaled just 7,300 MT for the week ending August 14. Wholesale prices are still under pressure. Choice boxes were down $1.03/cwt in the am USDA report, with Select product down $0.56/cwt. Cash cattle activity has increased, with some sales at $153 confirmed this morning. That would be $1 better than the scattered sales from Wednesday. Asking prices remain $154-155 for most of the rest of the cattle. The trade average guess for Friday’s Cattle on Feed report has numbers at 97.21% of year ago on August 1, with July placements down 9.5% from last year.
Aug 14 Cattle are at $149.125, down $0.125,
Oct 14 Cattle are at $145.250, down $0.150,
Dec 14 Cattle are at $148.250, down $0.200,
Aug 14 Feeder Cattle are at $215.100, up $0.150
Sep 14 Feeder Cattle are at $209.250, down $2.000
Oct 14 Feeder Cattle are at $208.350, down $2.025
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