Live Cattle (P) Futures PricesWed, Oct 1st, 2014
Latest Brugler Live Cattle (P) Report
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Cattle futures were higher again today, up $.45 to $2.42. Feeder cattle were limit up all the way out to May 2015 as some grain producers are desperate for ways to add value to corn and walking it off the farm is a traditional solution. Boxed beef prices are higher this afternoon, with Choice boxes averaging 11 cents higher, and Select boxes averaging $0.73 higher. Cash cattle trade so far this week has been quiet, with not enough sales volume to indicate market trend. Some asking prices appear to be $162-163 in the south and $254-255 in the north. Estimated week to date slaughter is even with a week ago at 344,000 head, but 19K head smaller than the same period a year ago. The CME feeder cattle index is another $0.20 higher at $233.86.
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