Live Cattle (P) Futures PricesWed, Sep 17th, 2014
Latest Brugler Live Cattle (P) Report
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Cattle futures were 82 cents to $1.44 higher on Wednesday. Higher cattle and lower corn had feeders bouncing $.70 to $2.35. Wholesale beef prices were lower this afternoon. USDA reported the average for choice carcasses is down $1.73, while select boxes are down 64 cents per hundred from the previous day. The drop credit is still running $16.44 per hundred. Estimated week to date slaughter is 342,000 head 3K head smaller than last week, and 24,000 head smaller than the same point a year ago. The CME Feeder Cattle Index was up 1 cent at $230.05.
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