Feeder Cattle (P) Futures PricesWed, Jul 29th, 2015
Latest Brugler Feeder Cattle (P) Report
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Live cattle futures posted losses from 10 to 32.5 cents, after higher trade earlier in the session, but feeder cattle held for gains of 22.5 to 47.5 cents with assistance from lower corn prices. A few cash cattle trades in Texas and Kansas reported prices of $145-$147. The CME Feeder Cattle Index for 7/28 is $214.89, 6 cents higher. The USDA reported higher boxed beef prices in the afternoon report. Choice boxes were up 47 cents to $232.62, while select boxes averaged $229.07, up 20 cents from Tuesday. Estimated week to date slaughter as of Wednesday was 320K head, about 7K lighter than a week ago.
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