Live Cattle Futures PricesWed, Apr 23rd, 2014
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Cattle futures settled $0.25 to $0.75 higher. Feeders settled $0.25 to $0.55 higher. Estimated week to date slaughter is 14K head less that last week, and 25K head less than last year. Wholesale beef prices are higher with choice boxes up $2.15 at $231.21 while select boxes were up $1.55 at $219.62. The choice/select spread is at $11.58. Monday cash cattle activity consisted mostly of compiling show lists. In the USDA Cold Storage report released this afternoon, the 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 monthly Cattle on Feed report will be released on Friday. The CME Feeder Cattle Index was down $1.44 at $177.13.
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