Cattle Current Podcast—Dec. 12, 2023

Cattle Current Podcast—Dec. 12, 2023

Cattle futures closed higher for the second consecutive trading session with apparently more confidence the bottom might be established.

Live Cattle futures closed an average of $1.74 higher ($1.30 to $2.20 higher).

Feeder Cattle futures closed an average of $2.40 higher ($1.20 to $2.80 higher).Negotiated cash fed cattle trade was at a standstill through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $3-$4 lower in the Southern Plains at $171/cwt., $4-$5 lower in Nebraska at $169 to $171 and $4-$5 lower in the western Corn Belt at $168-$171. Dressed delivered prices were $3-$8 lower in Nebraska at $267-$272 and $5-$6 lower in the western Corn Belt at $268 to $270.

Choice boxed beef cutout value was $2.42 higher Monday afternoon at $290.43/cwt. Select was $1.64 higher at $259.54/cwt.

Corn futures closed mostly 2¢ to 5¢ lower through Sep ’24 and then mostly 1¢ lower.

KC HRW Wheat futures closed 26¢ to 29¢ lower on likely profit taking.

Soybean futures closed 23¢ to 32¢ higher through Aug ’24 and then mostly 14¢ to 15¢ higher, supported by a drier forecast in South America.

2023-12-11T21:04:25-05:00

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.