Cattle Current Podcast-October 18

Cattle futures tread water for most of Tuesday’s session and then closed decidedly lower in late trade. Along with the consolidated price range, perhaps late selling included some positioning ahead of Friday’s monthly Cattle on Feed report.

Live Cattle futures closed 91¢ lower (55¢ to $1.37 lower).         

Feeder Cattle futures closed an average of $1.82 lower ($1.42 to $2.15 lower).

Choice boxed beef cutout value was $1.15 lower Tuesday afternoon at $197.66/cwt. Select was 72¢ lower at $189.85.