Live Cattle (P) Futures PricesThu, Apr 24th, 2014
Latest Brugler Live Cattle (P) Report
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Cattle futures are trading $0.15 to $0.32 lower. Estimated week to date slaughter was reported at 334,000 head compared to 348,000 head last week. Wholesale beef prices were higher again yesterday following the smaller Cold Storage numbers. Choice boxes were up $1.43 at $232.64 while select boxes are up $1.05 at $220.67. USDA indicted that beef in storage on March 31 was down 20.8% from the 511.233 million lbs figure in 2013. The monthly Cattle on Feed report will be released on Friday. April 1 inventory is expected to be 100.4% of year ago. Placements are seen at 101%. The CME Feeder Cattle Index was up $0.22 at $177.35. USDA reported weekly beef export sales through April 17 were 18,000 MT.
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