Cattle Current Podcast—Dec. 15, 2022

Cattle Current Podcast—Dec. 15, 2022

Cattle futures ran out of steam Wednesday as traders were apparently waiting for more cash direction.

Feeder Cattle futures closed an average of 24¢ lower.

Live Cattle futures closed an average of 34¢ lower.

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

Last week, live prices were at $153-$155/cwt. in the Texas Panhandle, $155-$156 in Kansas, $156-$158 in Nebraska and $156 in the western Corn Belt. Dressed prices were $246-$247.

Choice Boxed beef cutout value was $4.88 lower Wednesday afternoon at $250.07/cwt. Select was $1.23 higher at $226.69/cwt.

Corn futures closed 2¢ to 4¢ lower through Jly ‘23 and then mostly fractionally mixed.

Soybean futures closed narrowly mixed, mostly 1¢ lower to 1¢ higher.

2022-12-14T20:05:40-06:00

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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.