Live Cattle (P) Futures PricesTue, Jan 27th, 2015
Latest Brugler Live Cattle (P) Report
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Cattle futures settled limit-up in February and April, with slightly lesser increases in the later months. Feeder futures were mixed, with the January contract falling but other months were sharply higher. Cash cattle activity is quiet to start the week, with the last established market for top quality steers last week; mostly at $160. The afternoon report for wholesale beef showed Choice boxes down a hefty $3.71 at $247.70 and Select boxes averaged fell even more, by $4.53, to $240.26. Week to date estimated cattle slaughter is 111K head, which is down 1,000 vs. a week ago and up 4K from a year ago. The CME feeder cattle index is $206.21, down $2.26.
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