Cattle Current Podcast—Dec.6, 2023

Cattle Current Podcast—Dec.6, 2023

Cattle future closed higher Tuesday with renewed buying interest on oversold conditions and the hopes of some that a bottom was carved with the recent aggressive selling.

Feeder Cattle futures closed an average of $3.59 higher ($2.77 at the back to $4.17 higher in spot Jan).

Live Cattle futures closed an average of $1.34 higher (90¢ to $1.90 higher).

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

A day earlier, FOB live prices in Kansas were $3-$4 lower at mostly $171/cwt.

Last week, FOB live prices were $175 in the Texas Panhandle, $174-$175 in Nebraska and $173-$175 in the western Corn Belt.

Dressed delivered prices last week were mostly $275 in Nebraska and $274-$275 in the western Corn Belt.

Choice boxed beef cutout value was $1.24 lower Tuesday afternoon at $293.75/cwt. Select was $3.70 lower at $259.13/cwt.

Corn futures closed 4¢ to 8¢ higher through Jly ’24 and then mostly 1¢ to 2¢ higher.

KC HRW Wheat futures closed 1¢ to 5¢ higher.

Soybean futures closed mostly fractionally higher through Aug ’25 and then mostly 2¢ to 3¢ higher.

2023-12-05T20:22:22-05:00

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.