Live Cattle (P) Futures PricesMon, Jul 27th, 2015
Latest Brugler Live Cattle (P) Report
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Live cattle futures traded both directions following the USDA cattle reports, but settled with losses from 15 cents to as much as $1.325 for April. Feeders were down 92.5 cents to $1.750 on Monday. The CME feeder cattle index was at $215.70 for the 7/24 average. Average wholesale prices were higher on Monday, with choice boxes reported up $1.57, and select boxes 65 cents higher. The weaker dollar in theory should start to stir up more buying interest. Cash cattle action last week was reported with live sales of $145-$148, and dressed sales at $233-$236. Estimated Monday slaughter is 108,000 head, 2K head short of a week ago.
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