Cattle Current Podcast—Feb. 12, 2020

Cattle Current Podcast—Feb. 12, 2020

Although too few to trend, negotiated cash fed cattle trade took on a lower feel Tuesday with early live trades in Kansas and Nebraska at $119-$120/cwt., compared to $121 last week.

Cattle futures continued lower, pressured by the softer tone of the cash market.

Live Cattle futures closed an average of $1.11 lower (67¢ to $1.50 lower).

Feeder Cattle futures closed an average of $1.10 lower.

Wholesale beef values were lower on Choice and higher on Select with light to moderate demand and offerings, according to the Agricultural Marketing Service.

Choice boxed beef cutout value was $1.08 lower Tuesday afternoon at $207.83/cwt. Select was 83¢ higher at $204.53.

Corn futures closed mostly 1¢ lower.

Soybean futures closed unchanged to fractionally higher.

2020-02-11T21:32:49-06:00

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