Cattle Current Podcast—Jan. 30, 2025

Cattle futures were lower Wednesday with likely profit taking, pressure from softer Choice boxed beef cutout values and the bounce in Corn futures.

Toward the close, Live Cattle futures were an average of $1.90 lower. Feeder Cattle futures were an average of $3.03 lower.

Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $201-$202/cwt. in the Southern Plains and $210-$212 in Nebraska and the Western Corn Belt. Dressed delivered prices were $328-$330 in Nebraska and $330 in the western Corn Belt.

Choice boxed beef cutout value was $1.91 lower Wednesday afternoon at $330.54/cwt. Select was $1.29 lower at $320.67.

Grain and Soybean futures were higher with South American weather premium, likely short covering, and despite looming potential Trump tariffs. Toward the close and through Sep ’25 contracts, Corn futures were mostly 6¢ to 11¢ higher. Kansas City Wheat futures were mostly 17¢ to 18¢ higher. Soybean futures were 14¢ to 15¢ higher.