Live Cattle (P) Futures PricesWed, Jan 28th, 2015
Latest Brugler Live Cattle (P) Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Cattle futures are $1 higher in the February contract, and April is also in the green, but the summer months and beyond are showing red today. The front two contracts settled limit-up yesterday. Feeder futures are also showing triple digit gains in the two most nearby months. There’s still a $6 premium in the cash index, but the two are moving toward each other at this time. The January contract expires on Thursday. Cash cattle markets remained quiet this morning; a few sales were reported at $157, but on less than 100 head. The last established market was the $160 price seen last week. The recent trend of sharp daily losses in wholesale beef prices paused this morning with Choice up 33 cents at $248.03 and Select up 46 cents at $240.72 in the morning report.
InsideFutures Meats News