Live Cattle Futures PricesTue, Sep 1st, 2015
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Live cattle futures posted steep losses today, with prices down about $1.80 to $1.875 in most contracts. Sept feeders were off $1.55, and the November contract lost $2.80. The CME Feeder Cattle Index for 8/31 was 0.67 higher at $207.02. The USDA average price for choice boxed beef this afternoon was $1.03 lower at $241.21, and select boxes were off $1.60 at $230.44.? Cash cattle trade is still light, but a few hundred >80% choice steers changed hands at $143. ?Average sales last week were $144 live (-$3 from the week before), and $227 dressed (-$5).? Week to date slaughter is about 1000 head larger than it was last Tuesday, estimated at 219,000 head.
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