Live Cattle Futures PricesMon, Dec 22nd, 2014
Latest Brugler Live Cattle Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Cattle futures took back 27.5 cents to $1.10 of their recent losses in the first trading session following the monthly Cattle on Feed report. January feeders were 35 cents higher on the day and the March contract gained a dollar on the day. The cattle on feed number was up 1.42% from a year ago. November placements were down 4%, and November marketings were off 11.1% from a year earlier. The lower than expected marketing figure accounted for the higher than expected number remaining on December 1. Wholesale beef prices were higher today, Choice was up 79 cents and Select boxes were up 34 cents. Cash cattle trade was $156 to $160 last week, and was of course quiet today. Estimated slaughter is 115,000 head, 3K head larger than last Monday, but 6K head smaller than a year ago.
InsideFutures Meats News