Feeder Cattle (P) Futures PricesFri, Apr 17th, 2015
Latest Brugler Feeder Cattle (P) Report
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Live cattle futures were limit down in the front three contracts today. Nearby April was down $1 for the week. Cash cattle trade started to develop after noon at $160-162. Volume thus far is still thin. Wholesale beef prices were quoted $2.59 lower in Choice boxes. Select was UNCH from the previous day, and down $0.08 for the week. Choice boxes were up $.63 for the week despite the Friday decline. Estimated weekly slaughter of 533,000 head is up 31,000 from last week, but still 32,000 shy of the same week in 2014. Beef production YTD is still down 5.4% vs. 2014, but gaining ground due to carcass weights averaging 25 pounds above year ago.
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