Cattle Current Daily—Jan. 15, 2025

Cattle Current Daily—Jan. 15, 2025

Cattle futures consolidated Tuesday awaiting this week’s cash fed cattle direction.

Toward the close, Feeder Cattle futures were an average of 52¢ higher across a broad range. Live Cattle futures were an average of 49¢ lower across a broad range.

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

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

Choice boxed beef cutout value was 37¢ lower Tuesday afternoon at $332.98/cwt. Select was $1.14 higher at $318.71.

Corn and Soybean futures softened Tuesday with likely profit taking in the wake of the recent surge higher.

Toward the close and through Sep ’25 contracts, Corn futures were mostly 1¢ to 2¢ lower. Kansas City Wheat futures were mostly fractionally higher.

Soybean futures closed 4¢ to 7¢ lower, except for 3¢ higher in expiring Jan.

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Major U.S. financial indices closed mixed Tuesday. Positive economic news included a tamer inflation reading than expected for wholesale prices. The Producer Price Index for final demand increased 0.2% in December, seasonally adjusted, according to the U.S. Bureau of Labor Statistics.

The Dow Jones Industrial Average closed 221 points higher. The S&P 500 closed 6 points higher. The NASDAQ was down 43 points.

Through mid-afternoon, West Texas Intermediate Crude Oil futures on the CME were 10¢ higher to 82¢ lower through the front six contracts.

2025-01-14T18:52:52-06:00

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