Cattle Current Podcast-December 22

Cattle Current Podcast-December 22

Although 50¢ lower in Colorado Thursday afternoon, negotiated cash fed cattle trade continued mostly steady on a live basis at $120/cwt. Dressed trade on Wednesday was steady to $2 higher at $190-$191. There could be some cleanup sales, but odds are that the trade is done for the week.

Cattle futures found some stability on Thursday as traders shored up positions ahead of Friday’s monthly Cattle on Feed report and the long holiday weekend.

Live Cattle futures closed an average of 42¢ higher (10¢ to 72¢ higher).

Except for $1.15 higher in spot Jan and marginally mixed in the back three contracts, Feeder Cattle futures closed an average of 56¢ higher.

Choice boxed beef cutout value was 3¢ lower on Thursday afternoon at $198.12/cwt. Select was $1.38 higher at $186.87.

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2017-12-21T18:05:06-05:00
Copyright 2017 Cattle Current | All Rights Reserved
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