Feeder Cattle (P) Futures PricesThu, Oct 8th, 2015
Latest Brugler Feeder Cattle (P) Report
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Live cattle futures finished $1.50 to $2.00 higher on Thursday. Feeders also extended their rally with new triple digit gains. The CME Feeder Cattle Index for 10/7 was $183.43, up $1.16 from the previous day. US August beef exports (175.887 million pounds) declined by 12% from July, and 23.6% from August 2014. They were the slowest for the month of August since 2009. Cash cattle trade was limited yesterday, but a few dressed sales were reported at $190. Asking prices are much higher, due to the rally in October futures. The USDA showed choice boxes were 3 pennies higher to $203.61 last night, but select boxes were 24 cents lower to $197.46. WTD estimated FI slaughter was 438,000 head down 7,000 head from last week, and 14,000 head smaller than a year ago.
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