Live Cattle Futures PricesThu, Apr 24th, 2014
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Cattle futures settled $0.32 to $0.75 higher on the day. Feeders settled $0.97 to $1.60 higher. Estimated week to date slaughter was reported at 452,000 head compared to 458,000 head last week. Wholesale beef prices were higher again today with Choice boxes up $1.16 at $233.80 while select boxes were up $1.40 at $222.07. USDA reported weekly beef export sales through April 17 were 18,000 MT. Historically high prices have not made a significant dent in export sales. The monthly Cattle on Feed report will be released on Friday. April 1 inventory is expected to be 100.4% of year ago. Placements are seen at 101%. The CME Feeder Cattle Index was up $0.22 at $177.35.
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