Feeder Cattle (P) Futures PricesThu, Sep 18th, 2014
Latest Brugler Feeder Cattle (P) Report
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Cattle futures closed with losses more than a dollar lower in the front three contracts today, erasing the gains from Wednesday, and then some. Wholesale beef prices were lower this afternoon. USDA shows Choice boxes down $1.03, with Select 23 cents lower. Estimated week to date slaughter is 456,000 head, vs. 488,000 head a year ago at this time. Trade estimates for the USDA Cattle on Feed report on Friday call for a 1.1% drop in the September 1 On Feed number, with August placements at 96% of year ago.
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