Live Cattle (P) Futures PricesMon, Aug 29th, 2016
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Live cattle futures finished the day mixed with August 40 cents higher, but October and December each down more than a dollar on the session. Feeders were showing triple digit losses earlier in the session, but rallied back to finish Monday trade mostly between 60 and 77.5 cents lower. Wholesale beef prices reported Monday were more than a dollar lower, with choice averaging $198.42 and select at $192.34. Cash cattle trade was light on Friday. The last fully reported market was on Wednesday with live sales from $114.50 to $115.50, and dressed sales from $181 to $182. The net position in cattle futures and options for managed money accounts shrank by 1,120 contracts during the week ending 8/23. They were shown adding both longs and shorts, but more shorts. NASS showed national pasture and range conditions improved slightly from last week in its Monday afternoon report.
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