Live Cattle (P) Futures PricesWed, Aug 24th, 2016
Latest Brugler Live Cattle (P) Report
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Live cattle futures settled mostly 52.5 to 82.5 cents lower. Feeders were mixed with October down $1.375, and August settling 20 cents higher at $146.65 as it tries to converge with the CME Index at $147.73. The latter was down 11 cents. Wholesale beef prices were mixed in the Wednesday afternoon report with choice boxes down 7 cents and select boxes 7 cents higher. Cash cattle trade on Wednesday averaged $114.78 for all grades. Dressed sales averaged $181.92. USDA estimates WTD cattle slaughter at 338,000 head is 1,000 below last week but 8,000 larger than the same point in 2015.
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