Cattle Current Podcast—Aug. 18, 2020

Cattle Current Podcast—Aug. 18, 2020

The five-area direct weighted average steer price last week was $105.06/cwt. on a live basis, which was $3.72 more than the previous week. The average steer price in the beef was $4.84 more week to week at $168.04.

Cattle futures closed lower, following early lift, with higher Corn futures helping pressure Feeder Cattle the most.

Live Cattle futures closed an average of 66¢ lower.

Feeder Cattle futures closed an average of $1.54 lower (30¢ at the back to $2.22 lower).

Choice boxed beef cutout value was $3.02 higher Monday afternoon at $217.26/cwt. Select was $2.65 higher at $201.94.

Corn and soybean futures closed higher Monday with support from the weather outlook and thoughts last week’s derecho will reduce production. Week-to-week condition ratings also declined slightly for both crops.

Corn futures closed 4¢ to 7¢ higher.

Soybean futures closed 11¢ to 17¢ higher through Jan ’22 and then mostly 9¢ higher.

2020-08-17T20:24:31-05:00

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