Feeder Cattle (P) Futures PricesThu, May 28th, 2015
Latest Brugler Feeder Cattle (P) Report
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Live cattle futures settled 35 to 87 cents higher yesterday. Wholesale beef prices were higher on moderate demand and packer offerings. Choice boxes were indicated 4 cents higher, with Select up 68 cents per hundred pounds. Estimated week to date FI slaughter is 234,000 head vs. 245,000 for the same period a year ago. Cash cattle trade will take a while to develop, with packer offerings apparently $157 and asking prices at $163 ($258-259 in the North).
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