Live Cattle (P) Futures PricesThu, Aug 28th, 2014
Latest Brugler Live Cattle (P) Report
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Cattle futures are trading 20 to 30 cents higher this morning after triple digit gains on Thursday. USDA reported net weekly beef export sales for last week were improved at 10,600 MT. Wholesale beef prices sank, with Choice boxes down 52 cents, and Select boxes losing $2.33 from their Wednesday afternoon averages. Cash cattle trade was lighter than expected on Thursday. The national weighted average for >80% choice steers was $153, and the average dressed price was reported at $242.81. Week to date slaughter at 460,000 head is up 6,000 head from last week, but off about 77,000 head from the same point a year ago.
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