Cattle Current Podcast—Aug. 5, 2022

Cattle Current Podcast—Aug. 5, 2022

Negotiated cash fed cattle trade was moderate with light to moderate demand in the Southern Plains through Thursday afternoon. Prices were 50¢ to $1 higher at $135.50 to $136/cwt.

Elsewhere, trade was limited on light demand with too few transactions to trend, according to the Agricultural Marketing Service.

So far this week, live prices are $2 higher in Nebraska at $140 and generally steady in the western Corn Belt at $141-$145. Dressed prices are steady to $7 higher in Nebraska at $225-$232.

Choice Boxed beef cutout value was $1.66 lower Thursday afternoon at $266.28/cwt. Select was 95¢ lower at $240.35/cwt.

Firm to stronger cash fed cattle prices helped Live Cattle futures mostly edge higher and Feeder Cattle futures mostly fade higher Corn futures.

Live Cattle futures closed narrowly mixed from an average of 18¢ lower in the front three contracts to an average of 41¢ higher.

Feeder Cattle futures closed an average of 18¢ lower, except for an average of 17¢ higher in the back two contracts.

Corn futures closed mostly 6¢ to 10¢ higher and Soybean futures closed mostly 40¢ to 57¢ higher, apparently buoyed by technical buying and weather speculation.

2022-08-04T19:52:06-05:00

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