Live Cattle Futures PricesWed, Jul 27th, 2016
Latest Brugler Live Cattle Report
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Live cattle are 17.5 to 27.5 cents higher at midday. Feeder futures are currently mixed August 22.5 cents lower with September a couple cents in the green. The CME Feeder Cattle Index for 7/25 was 54 cents lower to $138.61. Cash cattle trade has been minimal so far this week. The last established market had live sales around $115 and dressed sales at $185. The morning USDA report has the average price of choice boxed beef 4 cents higher, but the average price of select boxes is down 22 cents. WTD FI slaughter was estimated at 224,000 head, up 1,000 head from last week, and 11,000 head bigger than the same two days in 2015.
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