Cattle Current Podcast-December 14

Early indications suggest steady to lower cash fed cattle prices this week.

In the weekly Fed Cattle Exchange Auction, 75 head sold out of 704 offered, at $116/cwt. for delivery at 1-9 days. That was about $1.50 lower than last week’s 5-area weekly weighted average.

Likewise, slaughter steers and heifers traded steady to $1 lower at Sioux Falls Livestock in South Dakota.

Cattle futures gave back most of the previous session’s gains on Wednesday. Following tentative early follow-through support.

Live Cattle futures closed an average of 57¢ lower (20¢ to 77¢ lower).

Feeder Cattle futures closed an average of $1.36 lower (75¢ to $1.85 lower).

Choice boxed beef cutout value was $1.58 lower on Wednesday afternoon at $202.48/cwt. Select was 90¢ lower at $185.02.