Cattle Current Podcast—April 14, 2022

Cattle Current Podcast—April 14, 2022

Negotiated cash fed cattle prices continued to gain ground Wednesday on slow trade and moderate demand, according to the Agricultural Marketing Service.

So far this week, live prices are $1 higher in the Southern Plains at $139/cwt., $2 higher in Nebraska at $140-$142, $3 higher in the western Corn Belt at $143 (a few up to $145) and $2-$4 higher in Colorado at $140-$142.

Dressed prices are $4 higher at $226; a few up to $231.

Choice Boxed beef cutout value was $1.11 lower Wednesday afternoon at $272.36/cwt. Select was $1.34 lower at $259.37.

Cash market strength helped Cattle futures once again.

Live Cattle futures closed an average of 53¢ higher (35¢ to $1.00 higher).

Feeder Cattle futures closed an average of 57¢ higher (30¢ to $1.02 higher).

That was despite Corn futures closing mostly 4¢ to 7¢ higher.

Soybean futures closed 4¢ to 5¢ higher in the front three contracts and then 1¢ to 2¢ lower.

2022-04-13T20:25:37-05:00

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