Live Cattle (P) Futures PricesTue, Sep 23rd, 2014
Latest Brugler Live Cattle (P) Report
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Cattle futures closed mixed, from 7 cents higher in the Dec contract, to 70 cents lower in the Feb contract. Feb still has more than a dollar premium to December. Feeders were higher on the day, with Sept reaching up above $231 again before settling just below it. Nov feeders added $1.10 today. Choice boxed beef was sharply lower, with the afternoon report showing the average price $-3.85 lower than Monday. Select beef was also lower, down $-1.18. Week to date slaughter is estimated at 225K head, 5K head smaller than at the same point last week, and 19K head smaller than a year ago.
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