Cattle Current Podcast—Dec. 31 to Jan. 2, 2024

Cattle Current Podcast—Dec. 31 to Jan. 2, 2024

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

FOB live prices last week were $1-$2 higher at $192-$193/cwt. in the Southern Plains, $196-$197 in Nebraska and $195-$197 in the western Corn Belt. Dressed delivered prices were $2 higher at $307.

Choice boxed beef cutout value was $2.99 higher Monday afternoon at $325.37/cwt., supported by slower packer production. Select was $3.63 higher at $294.76.

Cattle futures mostly edged higher Monday.

Toward the close, Feeder Cattle futures were an average of 37¢ higher, except for an average of 28¢ lower in the back two contracts. Live Cattle futures were an average of 25¢ higher, except for an average of 28¢ lower in two contracts. 

Grain and Soybean futures were mixed on Monday.

Toward the close and through Sep ’25 contracts, Soybean futures were 2¢ to 4¢ higher. Corn futures were 1¢ lower. Kansas City Wheat futures were 1¢ higher.

2024-12-30T18:07:25-06:00

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