Cattle Current Podcast-December 4

Negotiated cash fed cattle trade for the week was generally steady to $1-$3 higher at $120-$121/cwt. on a live basis. Dressed prices were mostly steady to $2 higher at $190.

However, faltering wholesale beef values and growing uncertainty about beef demand heading into the end of the year helped fuel long liquidation in Cattle futures on Friday, along with technical selling.

Choice boxed beef cutout value was $5 lower week to week on Friday, despite being $1.35 higher day-to-day at $205.99. Select was 60¢ lower on Friday at $183.61; $4.24 lower week to week.

Live Cattle futures closed an average of $2.53 lower ($1.97 to $3.00 lower).

Feeder Cattle futures closed an average of $3.29 lower (87¢ to $4.25 lower).