Cattle Current Podcast-July 4 and 5

Cattle Current Podcast-July 4 and 5

Besides lower cash fed cattle prices and wholesale beef values, analysts credited rising grain prices for the pressure on Feeder Cattle futures Monday. Pressure spilled over into front-month Live Cattle, too. Keep in mind, trade was light in both pits with the shorter trading hours.

Live Cattle futures closed an average of 36¢ lower through the front four contracts (10¢ to 55¢ lower) and then and average of 26¢ higher (7¢ to 65¢ higher).

Feeder Cattle futures closed an average of $1.24 lower (85¢ to $1.82 lower).

Choice boxed beef cutout value was $1.84 lower Monday afternoon at $222.89/cwt. Select was 97¢ lower at $207.45.

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2017-07-03T19:14:34-05:00
Copyright 2017 Cattle Current | All Rights Reserved
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