Live Cattle (P) Futures PricesFri, May 27th, 2016
Latest Brugler Live Cattle (P) Report
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Live cattle futures at midday are 75 cents to $1.025 higher, after being as much as $1.275 higher earlier in the day. Feeders are up 35 to 95 cents, after trading mostly a buck higher this morning. The CME feeder cattle index for 5/25 was down 93 cents to $147.60. We saw some cash cattle activity on Thursday, with live trades running $122-125 and carcass based at $195-198. Choice boxed beef prices are down 41 cents this morning, and select boxes are $1.53 lower. The choice/select spread is now more than $20.00. WTD FI cattle slaughter through Thursday is running behind last week by 1000 head at 447,000.
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