Cattle Current Podcast-November 7

Profit taking seemed to be the order of the day in Cattle futures on Monday, especially in nearby contracts, but far from aggressive.

After 40¢ to $1.97 lower in the front three contracts (an average of $1.16 lower), Live Cattle futures closed from unchanged to an average of 28¢ higher.

After 27¢ to 72¢ lower in the front three contracts (an average of 55¢ lower), Feeder Cattle futures closed from unchanged to an average of 21¢ higher except for 15¢ lower in Sep.

Choice boxed beef cutout value was $1.83 higher Monday afternoon at $210.57/cwt. Select was $1.69 higher at $194.77.