Cattle Current Podcast—April 7, 2023

Cattle Current Podcast—April 7, 2023

Cattle futures took another strong step higher Thursday, buoyed by another week of significant cash gains.

Feeder Cattle futures closed an average of $2.96 higher, also helped along by a break in Corn futures.

Live Cattle futures closed an average of $1.76 higher (85¢ to $2.80 higher) with added support from recently higher wholesale beef prices.

Negotiated cash fed cattle trade ranged from slow to moderate on moderate demand to a standstill through Thursday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

So far this week, live prices are $3-$5 higher in the Texas Panhandle at $170/cwt., $4-$5 higher in Nebraska at $172-$177 and $2-$7 higher in the western Corn Belt at $172-$177. Dressed prices are $5-$8 higher at $275-$280.

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2023-04-06T19:47:46-05:00
Copyright 2017 Cattle Current | All Rights Reserved
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