Cattle Current Podcast—April 19, 2023

Cattle Current Podcast—April 19, 2023

Cattle futures eased higher Tuesday, with follow-through support.

Feeder Cattle futures closed an average of 65¢ higher.

Live Cattle futures closed an average of 25¢ higher (10¢ higher at the back to 72¢ higher at the front).

Corn futures closed mostly 1¢ to 4¢ higher.

KC HRW Wheat closed 6¢ to 8¢ lower through May ‘24 and then mostly 1¢ lower.

Soybean futures closed mostly 5¢ to 8¢ higher.

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

Live prices last week were $175/cwt. in the Southern Plains, $182-$184 in Nebraska and $180-$184 in the western Corn Belt. Dressed prices were $290.

Choice boxed beef cutout value was $1.08 higher Tuesday afternoon at $307.06/cwt. Select was $2.29 higher at $291.61/cwt.

2023-04-18T18:24:17-06:00

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