Cattle Current Podcast—April 1, 2022

Cattle Current Podcast—April 1, 2022

Corn futures closed sharply higher and Soybean futures closed sharply lower Thursday, all fueled by the Prospective Plantings and quarterly Grain Stock reports from USDA.

Corn futures closed 20¢ to 27¢ higher in new-crop contracts.

Soybean futures closed 36¢ to 49¢ lower through Sep ‘23 and then 23¢ to 27¢ lower.

The sharp bounce higher in Corn futures helped push Feeder Cattle futures an average of $2.25 lower, except for 7¢ lower in expiring Mar.

Sharply lower outside markets helped pressure Live Cattle an average of 49¢ lower, except for unchanged in away Apr.

Negotiated cash fed cattle trade was slow to moderate on good demand in Nebraska and the western Corn Belt through Thursday afternoon, according to the Agricultural Marketing Service.

Live prices were steady to $2 higher than last week in Nebraska at $138-$140/cwt. Dressed prices were $1 higher at $222.

In the western Corn Belt, live prices were $1-$2 higher at $140-$143. Dressed prices there last week were $221-$225.

So far this week, live prices are steady in the Southern Plains at $138.

Choice Boxed beef cutout value was $1.35 higher Thursday afternoon at $268.39/cwt. Select was $4.88 higher at $262.34.

2022-03-31T20:13:44-05:00

This Is A Custom Widget

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.

This Is A Custom Widget

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.

This Is A Custom Widget

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.

This Is A Custom Widget

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.