Cattle Current Podcast—Dec. 29, 2023

Cattle Current Podcast—Dec. 29, 2023

Negotiated cash fed cattle trade ranged from moderate on moderate demand to mostly inactive on light demand through Thursday afternoon, according to the Agricultural Marketing Service.

FOB live prices were $1 higher in the Texas Panhandle at $172/cwt., $1-$2 higher in Kansas at $172 and mostly $2 higher in the western Corn Belt at $172-$172.50.

Last week, FOB live prices were $171-$172 in Nebraska. Dressed delivered prices were $270.

Choice boxed beef cutout value was 20¢ lower Thursday afternoon at 291.28/cwt. Select was $1.08 lower at $259.24/cwt.

Cattle futures softened Thursday amid light trade once again and perhaps with some year-end position squaring.

Feeder Cattle futures closed an average of $1.42 lower (72¢ to $2.27 lower).

Live Cattle futures closed an average of 44¢ lower, except for an average of 34¢ higher at either end of the board.

Corn futures closed mostly 1¢ to 2¢ lower.

KC HRW Wheat futures closed mostly 4¢ to 5¢ higher, helped along by increased tensions in the Black Sea.

Soybean futures closed mostly 4¢ to 8¢ lower.

2023-12-28T18:18:21-06:00

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