Cattle Current Podcast—Dec. 17, 2021

Cattle Current Podcast—Dec. 17, 2021

Negotiated cash fed cattle trade was limited on light demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service.

So far this week, live prices are $2 lower in Kansas at $138/cwt. and $4 lower in the Texas Panhandle at $136. Dressed prices are $2 lower in Nebraska at $218.

Last week, live prices were at $140 in Colorado and $138-$140 in Nebraska and the western Corn Belt. Dressed prices in the western Corn Belt were $218-$220.

Cattle futures were narrowly mixed Thursday with lackluster trade.

Live Cattle futures closed an average of 28¢ higher, except for 5¢ lower in Jun.

Feeder Cattle futures closed mixed, from an average of 35¢ lower in five contracts to and average of 31¢ higher.

Choice boxed beef cutout value was $2.71 higher Thursday afternoon at $262.97/cwt. Select was 69¢ higher at $248.14.

Corn futures closed mostly 3¢ to 6¢ higher, boosted by positive weekly U.S. export sales.

Soybean futures closed 10¢ to 14¢ higher through the front four contracts and then mostly 5¢ higher.

2021-12-16T21:20:16-06:00

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