Live Cattle (P) Futures PricesTue, Nov 25th, 2014
Latest Brugler Live Cattle (P) Report
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Cattle futures were mixed on Tuesday, with strength in the front months, and some weakness beyond the April contract. Feeders finished with triple digit losses in all but the September 2015 contract, due mostly to higher feed costs. Wholesale beef prices were sharply higher today, with Choice boxes up $1.17 and Select up $1.42 in the afternoon AMS report. Week to date slaughter estimated at 228K head was 5K larger than a week ago, and 21K head smaller than a year ago. Some cash cattle trade is expected to develop today, but there have been years where the buyers had to go back to work on Friday.
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