Live Cattle (P) Futures PricesTue, Jul 29th, 2014
Latest Brugler Live Cattle (P) Report
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Cattle futures settled $0.20 lower to $0.07 higher. Feeders settled $1.32 to $1.42 higher. Wholesale beef prices set new all time highs, with Choice boxes up $2.04 at $261.34 and Select up $2.86 at $259.03 in the afternoon report. The choice/select spread has narrowed to only $2.30. Cash trade is not expected until later in the week. Asking prices appear to be $168-170 in the south and $266-269 in the north. Week to date slaughter is 223,000 head vs. 229,000 last week and 242,000 at the same point in 2013.
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