Cattle Current Podcast—Dec. 5, 2022

Cattle Current Podcast—Dec. 5, 2022

Negotiated cash fed cattle trade ranged from limited on light demand to mostly inactive through Friday afternoon, with too few to trend, according to the Agricultural Marketing Service.

For the week, live prices were steady to $1 higher in the Southern Plains at $155/cwt., steady to $1 higher in Nebraska at $157-$159 and $1-$2 higher in the western Corn Belt at $157-$158. Dressed prices were $4 higher at $249.

Choice Boxed beef cutout value was $3.64 lower Friday afternoon at $249.93/cwt. Select was 44¢ lower at $224.56/cwt.

Cattle futures gained more ground Friday, led by Feeder Cattle and supported by lower Corn futures.

Feeder Cattle futures closed an average of 88¢ higher (65¢ to $1.37 higher).

Live Cattle futures closed an average of 30¢ higher.

Corn futures closed 9¢ to 15¢ lower through the front four contracts and then mostly 1¢ to 3¢ lower.

Soybean futures closed mostly 8¢ to 11¢ higher.

2022-12-04T17:54:25-06:00

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