Cattle Current Podcast-Jan. 10, 2018

Cattle Current Podcast-Jan. 10, 2018

In rare early-week trade late in the day on Monday, cash fed cattle prices softened Live prices were $1-$2 lower than last week at $120/cwt. in the Southern Plains and Colorado. Follow-through buying yesterday in Nebraska and the western Corn Belt was $2-$3 lower at the same $120 on a live basis. Dressed trade was $1-$3 lower at mostly $192.

Following early follow-through selling, Cattle futures found a foothold on Tuesday.

Live Cattle futures closed an average of 38¢ higher.

Other than 97¢ lower in spot Jan, Feeder Cattle futures closed an average of 79¢ higher (57¢ to $1.72 higher).

Choice boxed beef cutout value was 29¢ higher on Tuesday afternoon at $210.49/cwt. Select was 32¢ higher at $203.69.

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2018-01-09T16:47:43-05:00
Copyright 2017 Cattle Current | All Rights Reserved
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