Live Cattle Futures PricesWed, May 4th, 2016
Latest Brugler Live Cattle Report
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Live cattle futures were mostly 30 to 57.5 cents higher on Tuesday. Feeders posted triple digit gains in the front three contracts with help from the drop in feed grains. The CME Feeder Cattle Index for 5/2 was 11 cents higher to $143.43. Cash cattle trade recorded a few dressed sales from $188 to $192 on Monday. Last week, average prices for live cattle were down $3.00 week/week, and down $6.00 for dressed. Choice boxed beef prices were down $3.83 in the USDA Monday afternoon report, and select boxes lost $2.94. At $205.94 and $197.02 respectively, these are the lowest prices reported for boxed beef during 2016. Week to date USDA FI slaughter was estimated 1,000 head smaller than a week ago, and 3,000 head smaller than the same period a year ago.
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