Live Cattle Futures PricesFri, Oct 28th, 2016
Latest Brugler Live Cattle Report
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Live cattle futures ended Thursday trade with most contracts 40 to 107.5 cents higher than the day before. Feeders were mixed with losses of a nickel in the nearby contracts, and a daily gain of 17.5 cents in the January contract. The CME Feeder Cattle Index was up 90 cents to $120.90. Wholesale prices reported on Thursday afternoon were mixed with choice down 77 cents and select 36 cents higher. The negotiated cash sales that took place on Wednesday were mostly between 35-80% choice steers, and the weighted average for all grades was $103.22. Thursday trade was at a standstill with bids above $103 but asks closer to $105. October cattle futures expire on October 31. Week to date slaughter is estimated to be 456,000 head, up 1,000 head from a week ago, and 15,000 head larger than the same period a year ago.
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