Cattle Current Podcast-September 8

Growing chatter that wholesale beef values may have finally found the seasonal bottom, significantly more trade and short covering helped Cattle futures rally on Thursday. That’s despite the lower cash fed cattle trade last week and undeveloped trade so far this week.

Except for 27¢ higher in the back contract, Live Cattle futures closed an average of $1.11 higher (65¢ to $1.52 higher).

Feeder Cattle futures closed an average of $2.03 higher ($1.50 to $2.45 higher).

Choice boxed beef cutout value was 80¢ lower Thursday afternoon at $192.13/cwt. Select was 51¢ lower at $190.16.