Live Cattle (P) Futures PricesWed, Aug 27th, 2014
Latest Brugler Live Cattle (P) Report
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Cattle futures closed $.35 to $1.25 lower. Feeder cattle futures were 62 higher to $1.00 lower. Wholesale beef prices were lower again, with Choice boxes down $1.07 and Select boxes 88 cents lower. Cash cattle trade was just about nil today, with a few heifers quoted in CO at $154. Asking prices appear to be $154-155, and $245-248 in the north. With plants dark on Monday and wholesale prices soft, packers have not appeared to be in a hurry. Week to date slaughter at 346,000 head is up from 339,000 last week, but trails the 364,000 through the chutes at the same point in 2013.
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