Cattle Current Daily—Jan. 14, 2025

Cattle Current Daily—Jan. 14, 2025

Cattle futures were lower Monday on likely profit taking and positioning following last week’s charge higher.

Toward the close, Feeder Cattle futures closed an average of $1.42 lower. Live Cattle futures closed an average of 96¢ lower.

Negotiated cash fed cattle trade mostly inactive on very light demand in all regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $3-$4 higher in the Texas Panhandle at 200/cwt., $4 higher in Kansas at $200-$201, $3 higher in Nebraska at $203 and steady to $5 higher in the western Corn Belt at $200-$203. Dressed delivered prices were $5 higher at $320.

Last week’s weighted average five-area direct FOB live steer price was $3.65 higher at $202.58/cwt. The weighted five-area average dressed delivered steer price was $5.29 higher at $320.25.

Choice boxed beef cutout value was 51¢ higher Monday afternoon at $333.35/cwt. Select was $3.43 higher at $317.57.

Corn and Soybean futures continued higher Monday with follow-through support from Friday’s monthly World Agricultural Supply and Demand Estimates, dragging Wheat along.  

Toward the close and through Sep ’25 contracts, Corn futures closed 5¢ to 7¢ higher. Kansas City Wheat futures were mostly 9¢ to 11¢ higher. Soybean futures closed 20¢ to 30¢ higher

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Major U.S. financial indices closed mixed Monday, as investors awaited inflation reading this week.

The Dow Jones Industrial Average closed 358 points higher. The S&P 500 closed 9 points higher. The NASDAQ was down 75 points.

Through mid-afternoon, West Texas Intermediate Crude Oil futures on the CME were 30¢ lower to $2.21 higher through the front six contracts.

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USDA provides some annual perspective with year-over-year five-area direct weighted average negotiated cash fed cattle prices.

Compared to 2023, the five-area direct weighted average FOB live fed steer price was $11.11 higher at $187.25/cwt. The weighted average dressed delivered steer price was $17.91 more at $295.86.

The five-area direct weighted average FOB live fed heifer price was $11.31 higher at $186.38/cwt. The weighted average dressed delivered fed heifer price was $18.24 more at $295.69.

2025-01-13T19:29:40-06:00

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