Feeder Cattle Futures PricesThu, Apr 24th, 2014
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Cattle futures settled $0.12 to $0.52 higher. Feeders settled $0.17 to $0.32 higher. Estimated week to date slaughter was reported at 334,000 head compared to 348,000 head last week. Wholesale beef prices are higher again today following the smaller Cold Storage numbers. Choice boxes were up $1.43 at $232.64 while select boxes are up $1.05 at $220.67. On the Tuesday USDA Cold Storage report USDA announced beef in cold storage at 404.754 million lbs on March 31, which is down 20.82% from the 511.233 million lbs figure in 2013. The total was 1% smaller than last month. The monthly Cattle on Feed report will be released on Friday. April 1 inventory is expected to be 100.4% of year ago. The CME Feeder Cattle Index was up $0.22 at $177.35.
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