Cattle Current Podcast-July 18, 2018

Cattle Current Podcast-July 18, 2018

Cattle futures closed narrowly mixed to lower Tuesday, unable to sustain gains from the previous session. Trade was paltry and the range skinny.

Live Cattle futures closed an average of 21¢ lower, except for unchanged in the back three contracts.

Feeder Cattle futures closed an average of 48¢ lower through the front five contracts (12¢ lower to $1.10 lower) and then 5¢ to 30¢ higher.

Wholesale beef values were firm to higher on moderate to fairly good demand and moderate to heavy offerings, according to the Agricultural Marketing Service.

Choice boxed beef cutout value was 63¢ higher Tuesday afternoon at $204.39/cwt. Select was $1.19 higher at $196.86.

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2018-07-17T18:15:12-05:00
Copyright 2017 Cattle Current | All Rights Reserved
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