Live Cattle (P) Futures PricesThu, May 26th, 2016
Latest Brugler Live Cattle (P) Report
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Live cattle futures are higher on the day. Feeders are also on the green side of the fence with some contracts up more than a buck early in the session. The CME feeder cattle index for 5/24 was down 32 cents to $148.53. Cash cattle trade saw a few live sales reported between $123 and $124.50 on Wednesday, with dressed sales at $197. There were some <80% choice sales from $190 to $195. Choice boxed beef prices were 51 cents higher in the Thursday morning USDA report. Select boxes were down 98 cents from yesterday. Week to date FI cattle slaughter is running behind last week. Export sales reported this morning for the week ending May 19 were 10,000 MT to the usual buyers.
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