Feeder Cattle (P) Futures PricesFri, Aug 29th, 2014
Latest Brugler Feeder Cattle (P) Report
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Cattle futures are sharply higher at midday. Feeders are also higher, with the deferred contracts narrowing their spreads with the front-month Sept contract. Wholesale beef prices were reported higher this morning. Choice boxes were up 41 cents, and select boxes are up 81 cents this morning. Last week, cash cattle trade was stronger at $155-156 and northern carcass trades were reported between $243 and 245. These were generally up $3 from the prior week. Packers will need to step up the pace a little to make up for the shortened holiday week.
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