Futures - Live Cattle (P)Friday, May 24th, 2013
Current Prices | End-of-Day Prices | Options Quotes | Spread Quotes | Profile
Latest Brugler Live Cattle (P) Report
Cattle futures are trading 75 cents to a dollar higher at midday. Futures are moving a little closer to the cash market due to profit taking prior to the three day Memorial Day weekend. Wholesale prices have backed off a little ahead of the weekend. Choice was quoted $1.44 lower this morning. Select 600-900 pound cutout value is 41 cents lower. Estimated week to date slaughter through Thursday is 497,000 head. That is still 1,000 more than last week, but 5,000 smaller than year ago. Some cash cattle trade was reported at $124 in the South and $202 ($125-125.50 live) in the north, but volumes are still low.
InsideFutures Meats News