Cattle Current Podcast—Jan. 28, 2020

Growing fears about the global spread of novel coronavirus hammered equity and futures markets Monday.

Live Cattle futures close an average of $2.29 lower, from $1.35 lower at the back to limit-down $3.00 toward the front.

Other than 5¢ higher in waning spot Jan, Feeder Cattle futures closed an average of $3.84 lower, from $3.17 lower toward the back to limit-down $4.50 toward the front.

Wholesale beef values were lower on Choice and steady on Select with light to moderate demand and moderate offerings, according to the Agricultural Marketing Service.

Choice boxed beef cutout value was 90¢ lower Monday afternoon at $213.59/cwt. Select was 20¢ lower at $210.50.

Corn futures closed mostly 2¢ to 6¢ lower.

Soybean futures closed 4¢ to 5¢ lower through Jan ‘21 and then mostly 1¢ higher.