Cattle Current Podcast—Dec. 31, 2020

Cattle Current Podcast—Dec. 31, 2020

Negotiated cash fed cattle prices edged higher Wednesday amid light trade. Although there were too few transactions to trend in any region, there were some live trades $1 higher in the Southern Plains at $111/cwt., some at steady money in Nebraska at $110 and a few $2-$6 higher in the western Corn Belt at $112. There were also a few dressed sales $4 higher in Nebraska at $176.

Cattle feeders offered 1,015 head (six lots) in the Central Stockyards weekly Fed Cattle Exchange auction Wednesday. One lot of heifers—194 head—from the Southern Plains sold for a weighted average price of $111/cwt. on a live basis.

Cattle futures closed mostly lower Wednesday, especially Feeder Cattle, as grain futures continued surging higher.

Live Cattle futures closed an average of 19¢ lower, except for 7¢ and 27¢ higher at either end of the board.

Feeder Cattle futures closed an average of $1.14 lower.

Choice boxed beef cutout value was 23¢ higher Wednesday afternoon at $210.53/cwt. Select was $4.38 higher at $199.86.

Corn futures closed 5¢ to 8¢ higher through Sep ‘21 and then mostly 1¢ to 2¢ higher.

Soybean futures closed mostly 5¢ to 7¢ higher.

2020-12-30T17:32:20-06:00

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