Live Cattle (P) Futures PricesFri, Aug 1st, 2014
Latest Brugler Live Cattle (P) Report
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Cattle futures are trading $0.95 to $1.35 lower. Wholesale beef prices lost some steam, but choice boxes were still higher on the day, up 74 cents, pushing to yet another record high at $263.66. Select boxes slipped 23 cents lower, averaging $260.60. Both Choice and Select boxes gained more than 3% from Thursday to Thursday. Week to date estimated slaughter is 7K head less than last week, and 33K head less than the same period a year ago. Cash cattle trades are expected to surface today. The last established market was last week with live sales mostly between $162 and $166, and dressed sales were around $255 - $257. USDA reported weekly exports for beef at 17,300 MT.
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