Live Cattle Futures PricesWed, Mar 4th, 2015
Latest Brugler Live Cattle Report
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Live and feeder cattle futures have more than recovered the losses seen yesterday, with the nearby contracts up $3.00 and $4.50 respectively. The CME feeder cattle index for Tuesday is $206.66, up 27 cents. A few preliminary live bids surfaced in Kansas and Texas at $157, while sellers are still expecting more. Asking prices are in the $162 area. The Choice boxed beef cutout is down $1.03 at $248.58, but Select gained $1.92, and was at $247.23 in the afternoon report. Week to date cattle slaughter at 324,000 head is up 15,000 from last week but lags year ago by 8,000.
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