Live Cattle (P) Futures PricesThu, Apr 24th, 2014
Latest Brugler Live Cattle (P) Report
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Cattle futures are trading $0.30 lower to $0.17 higher at midday. Feeders are $0.77 to $1.00 higher. Wholesale beef prices are higher with Choice boxes up $1.42 at $234.06 while select boxes are up $1.57 at $222.24. The choice select spread is at $11.82. USDA reported weekly beef export sales through April 17 were 18,000 MT. Historically high prices have not made a significant dent in export sales. The monthly Cattle on Feed report will be released on Friday. April 1 inventory is expected to be 100.4% of year ago. Placements are seen at 101%. The CME Feeder Cattle Index was up $0.22 at $177.35.
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