Cattle Futures Firmer Ahead of COF Report
BRUG - Fri Aug 23, 7:30AM CDT

Live cattle futures finished higher in most contracts on Thursday, with Aug up $2.30 ahead of next week’s expiration. Feeder cattle futures finished the today up 92.5 cents to $1.125 in the front months. The CME Feeder Cattle Index was 70 cents lower on August 21 at $137.89. Wholesale boxed beef prices were mixed on Thursday. Choice boxes took a breather and were down $2.46 at $239.28, with Select boxes $.21 higher @ $215.91. USDA reported 17,251 MT of beef sold for export in the week that ended on August 15, with shipments at 15,603 MT. The USDA estimated week to date FI cattle slaughter through Thursday at 462,000 head, 1,000 head less than the previous week, and 8,000 fewer head the same week last year. A few cash trades have been reported at $108-110 live in the North, with dressed sales at $170-178. --- provided by Brugler Marketing & Management

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