Cattle Current Podcast-Aug. 31, 2018

Cattle Current Podcast-Aug. 31, 2018

Though too few to trend, early live sales in the western Corn Belt so far this week are at $106.00-$108.50/cwt. with early dressed sales at $170. Prices in that region last week were at $108-$109 and $172-$174, respectively.

Although indications pointed toward lower cash fed cattle prices, Cattle futures firmed on Thursday as traders prepare for the end of the week and month.

Live Cattle futures closed an average of 64¢ higher.

Except for 15¢ lower in expiring spot Aug, Feeder Cattle futures closed an average of 79¢ higher.

Wholesale beef values were lower on light demand and offerings, according to the Agricultural Marketing Service.

Choice boxed beef cutout value was 95¢ lower Thursday afternoon at $211.73/cwt. Select was $1.34 lower at $202.21.

2018-08-30T17:17:37-05:00

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