Feeder Cattle Futures PricesWed, Oct 29th, 2014
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 were lower on the day, down 20 cents in the October, and off more than a dollar in the Dec contract. Feeders were mixed with the front month higher and the deferred contracts mostly lower. The US Dollar index rallied late in the session, picking up nearly 600 points on the day. Wholesale beef prices were higher today. The afternoon report showed the Choice boxes up $2.07 at $253.63 per cwt., and the Select product was reported 67 cents higher at $239.77. Cash cattle trade is inactive on light demand in most regions. Asking prices for cash cattle appear to be in the $172-173 range. Estimated week to date FI slaughter at 329K head is 12,000 below last week and 33,000 less than the same point a year ago.
InsideFutures Meats News