Live Cattle (P) Futures PricesTue, Aug 4th, 2015
Latest Brugler Live Cattle (P) Report
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Live cattle futures closed trade with most contracts 10 to 32 cents in the green. Feeder cattle finished mixed from a dime higher to as much as a quarter lower. Cash cattle trade was inactive throughout Monday and Tuesday. The previous week sales notched prices of $147-$148 in the south, and dressed sales of $232-$234 in the north. The CME Feeder Cattle Index for 8/3 was 35 cents higher to $217.38. The USDA report had average wholesale prices lower this afternoon. Choice boxes are down 51 cents to $233.48, while select boxes are off 66 cents from Monday at $228.17. Estimated WTD slaughter is 219,000 head, 4K head in front of last week, but 5K head behind this week in 2014. Pasture and range condition ratings (now 58% G:E) declined by 3 points overall according to the Monday Crop Progress report.
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