Cattle Current Podcast-August 2

Cattle Current Podcast-August 2

Feeder Cattle futures rallied sharply higher on Tuesday, fueled by oversold conditions, declining corn prices and apparent short covering. Live Cattle followed along with less conviction.

Choice boxed beef cutout value was 34¢ lower Tuesday afternoon at $205.41/cwt. Select was 45¢ higher at $198.29.

Except for 45¢ higher at the back, Live Cattle futures closed an average of 99¢ higher (75¢ to $1.22 higher).

Feeder Cattle futures closed an average of $2.72 higher ($2.27 to $3.00 higher).

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2017-08-01T18:26:15-05:00
Copyright 2017 Cattle Current | All Rights Reserved
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