Live Cattle Futures PricesMon, Sep 22nd, 2014
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Cattle futures ended the day mixed in the first day of trading after the Cattle on Feed report showed slightly more cattle than the trade was expecting. Cattle on Feed on September 1 were reported at 99.2% of year ago. Placements were 97.1% of year ago, and marketings came in at 90.4%. USDA issued the monthly Cold Storage report this afternoon, showing beef stocks at 79.88% of a year ago, and 93.76% of the previous month. Wholesale beef prices were reported lower in the PM report, with Choice boxes off 69 cents, and Select boxes down $1.14. Estimated Monday slaughter was 1K head larger than the previous week, and 6K head smaller than the same week a year ago.
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