Cattle Current Podcast-December 29

Cattle Current Podcast-December 29

Although negotiated cash fed cattle trade remained undeveloped through Thursday afternoon, indications continued pointing to higher prices for the week. Consider, the handful of dressed heifer sales $1 higher at $192/cwt. in the western Corn Belt. Also, Live Cattle jumped $2.52 in expiring Dec to go off the board at $124.55.

Live Cattle futures closed an average of 94¢ higher; an average of $1.61 higher in the front three contracts.

Wholesale beef values provided support. Choice boxed beef cutout value was 68¢ higher on Thursday afternoon at $202.28/cwt. Select was 49¢ higher at $190.91.

Feeder Cattle futures closed an average of 35¢ higher.

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2017-12-28T19:00:10-05:00
Copyright 2017 Cattle Current | All Rights Reserved
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