Live Cattle (P) Futures PricesTue, Oct 21st, 2014
Latest Brugler Live Cattle (P) Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Cattle futures finished the day firmly into the red after October posted a new all time high for the front month contract again this morning. December also posted a new high earlier in the session at $169.75, but ended the day with a loss of nearly a dollar. Feeders were lower on higher grain prices (and likely some trader fatigue) after four days of choppy trading at or near the daily limits. The CME index is at $240.80, down $1.04. Cash cattle trade was quiet without enough sales reported for a market trend. Choice boxed beef prices were flat in the PM report, Select boxes were down 24 cents. Estimated week to date slaughter is 1K head larger than it was by this time last week, and 19K head smaller than a year ago.
InsideFutures Meats News