Cattle Current Podcast—Dec. 4, 2019

Cattle Current Podcast—Dec. 4, 2019

Cattle futures mainly hovered on Tuesday, awaiting cash direction and in the face of a plunge on Wall Street.

Live Cattle futures closed narrowly mixed, from 20¢ lower to 25¢ higher.

Other than 2¢ and 10¢ lower in two contracts, Feeder Cattle futures closed an average of 33¢ higher.

Wholesale beef values were weak to lower on light demand and heavy offerings, according to the Agricultural Marketing Service.

Choice boxed beef cutout value was $2.46 lower Tuesday afternoon at $230.15/cwt. Select was 67¢ lower at $212.31.

After 1¢ lower and fractionally lower in the two front contracts, Corn futures closed mostly fractionally higher.

Soybean futures closed fractionally higher to 1¢ higher through Sep ’21 and then 3¢ higher.

2019-12-03T18:10:41-06:00

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