Live Cattle Futures PricesThu, Aug 28th, 2014
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Cattle futures closed sharply higher. Feeder cattle were also mostly well into the green, with the deferred contracts gaining significantly on the soon to expire August contract. USDA reported net weekly beef export sales for last week totaled10,600 MT. That compares to the average of 10,912 per week over the previous seven weeks. Wholesale beef prices sank again today, with Choice boxes down 52 cents, and Select boxes losing $2.33 from thei Wednesday afternoon averages. From Thursday to Thursday Choice beef lost 1.43% and Select beef lost 2.3%. Cash cattle trade has started to pickup, but is still reported fairly light. The national weighted average for >80% choice steers is $153, and the average dressed price was reported at $242.81. Week to date slaughter at 460,000 head is up 6,000 head from last week, but off about 77,000 head from the same point a year ago.
Aug 14 Cattle closed at $154.650, up $1.450,
Oct 14 Cattle closed at $150.100, up $2.275,
Dec 14 Cattle closed at $152.700, up $1.925,
Aug 14 Feeder Cattle closed at $218.525, up $0.375
Sep 14 Feeder Cattle closed at $217.150, up $2.675
Oct 14 Feeder Cattle closed at $214.775, up $2.625
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