Live Cattle (P) Futures PricesFri, Jul 31st, 2015
Latest Brugler Live Cattle (P) Report
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Live cattle futures closed 35 cents lower (Feb 16) to $1.23 higher (Aug 15). Feeders finished 90 cents lower to 25 cents higher, with August the firmest). August contracts were $2.67 higher in live cattle and up $1.07 in feeders on the weekly chart. Managed money accounts decreased their net long position as of the Tuesday close by 10,554 contracts in live cattle and by 1,201 in feeder cattle according to the weekly CFTC report. Managed money accounts held net long positions of 27,466 and 4,451 contracts respectively. Cash cattle had good demand, with sales from $147-$148 in the south, and dressed sales of $232-$234 in the north. The CME Feeder Cattle Index for 7/30 was 17 cents higher to $215.95. Wholesale prices were slightly lower in the afternoon report. Choice boxes were down 9 cents to $233.25, and select boxes, although higher in the morning report, were off just 3 cents to $229.29 on average. WTD estimated slaughter with Saturday estimates is 532,000 head, about 92% of the slaughter levels this week in 2014. YTD slaughter numbers have dropped by 6.9% when comparing to a year ago.
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