Live Cattle (P) Futures PricesWed, Aug 24th, 2016
Latest Brugler Live Cattle (P) Report
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Live cattle futures are mostly 72.5 to 80 cents lower at midday. Feeders are mixed with August 30 cents higher at $146.75 as it tries to converge with the CME Index which was at $147.84, down 50 cents. Wholesale beef prices were reported higher this morning with the weighted average for choice beef up 21 cents, and select beef was 88 cents higher. Cash cattle trade was quiet, with a few bids reported at $115 and asks at $120. A few early sales in the WCB were reported at $115 and $183 for dressed, but not enough sales for a market test in any of the feeding regions. USDA cattle slaughter WTD at 225,000 head is 1,000 below last week but 7,000 larger than the same point in 2015.
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