Cattle Current Podcast—Dec. 8, 2021

Cattle Current Podcast—Dec. 8, 2021

Negotiated cash fed cattle trade ranged from a standstill to mostly inactive on very light demand through Tuesday afternoon with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, live prices were $142/cwt. in the Southern Plains and Colorado; $140 in Nebraska and the western Corn Belt. Dressed prices were $220.

Cattle futures drifted amid lackluster trading interest Tuesday.

Live Cattle futures closed an average of 19¢ lower, except for 5¢ higher in spot Dec.

Feeder Cattle futures closed an average of 56¢ lower (22¢ lower in spot Jan to $1.17 lower in the back contract).

Choice boxed beef cutout value was $4.50 lower Tuesday afternoon at $268.03/cwt. Select was $2.17 lower at $255.68.

Corn futures closed mostly 2¢ higher.

Soybean futures closed 7¢ to 11¢ lower through the front five contracts and then mostly 2¢ to 3¢ higher.

2021-12-07T19:54:27-06:00

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