Cattle Current Podcast—Apr. 3, 2024

Cattle Current Podcast—Apr. 3, 2024

Cattle futures firmed and clawed back a little ground without much conviction on Tuesday after being hammered by panic selling in the previous session, tied to Highly Pathogenic Avian Influenza (HPAI) in dairy cows linked to a rare case in humans.

Live Cattle closed an average of $1.02 higher (50¢ to $1.70 higher).

Feeder Cattle futures closed an average of $2.43 higher ($1.35 to $3.07 higher).

Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Tuesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $186/cwt. in the Texas Panhandle, $185-$186 in Kansas, $189-$190 in Nebraska and $188-$190 in the western Corn Belt. Dressed delivered prices were $299-$302 in Nebraska and $299-$300 in the western Corn Belt.

Choice boxed beef cutout value was $1.58 lower Tuesday afternoon at $304.16/cwt. Select was $2.80 lower at $298.99/cwt.

Corn futures closed 4¢ to 9¢ lower through Sep ’25 and then fractionally lower to 2¢ lower.

KC HRW Wheat futures closed 9¢ to 13¢ lower through May ’25. and then 6¢ to 7¢ lower.

Soybean futures closed 4¢ to 11¢ lower through Jan ’25.

2024-04-02T22:15:11-05:00

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.