Live Cattle Futures PricesFri, Jul 29th, 2016
Latest Brugler Live Cattle Report
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Live cattle at midday are mixed with August 7.5 cents higher, and October 7.5 cents lower. Feeders are currently trading from 2.5 to 40 cents higher following Thursday’s losses of nearly $2.00 for most contracts. The CME Feeder Cattle Index for 7/27 was up $1.79 to $141.05. Cash cattle trade saw a few live steer sales at $118 on Thursday, and dressed heifer sales at $185. The average price of choice boxed beef is 85 cents lower this morning per the USDA, but the average price of select boxes is up 15 cents. WTD FI slaughter was estimated at 447,000 head, down 2,000 head from last week, but 20,000 head bigger than the same period a year ago.
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