Live Cattle Futures PricesThu, Oct 30th, 2014
Latest Brugler Live Cattle Report
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Cattle futures are trading from 2.5 to 82 cents higher at midday. Feeders are also higher, currently up 15 to 82 cents with more strength up front. Beef export sales reported this morning were 20,100 MT, up 92% from the prior four week average. Wholesale beef prices averaged 2 cents lower for Choice boxes and 3 cents lower for Select boxes in the morning report. Cash cattle trade is too thin to indicate a market trend. Asking prices appear to be in the $172-173 range. Estimated week to date FI slaughter at 329K head is 12,000 below last week and 33,000 less than the same point a year ago.
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