Cattle Current Podcast—Feb.17, 2020

Cattle Current Podcast—Feb.17, 2020

Negotiated cash fed cattle trade ended the week $2-$3 lower at $119/cwt. on a live basis and $3 lower in the beef at $190.

Recent oversold conditions continued to help lift Cattle futures higher Friday as traders positioned for the three-day weekend.

Live Cattle futures closed an average of $1.17 higher, from 77¢ higher to $1.80 higher toward the front of the board.

Feeder Cattle futures closed an average of $2.36 higher. That’s an average of $3.62 higher in the last two sessions.

Wholesale beef values were higher on good demand and moderate offerings, according to the Agricultural Marketing Service.

Choice boxed beef cutout value was $1.64 higher Friday afternoon at $208.09/cwt. Select was $1.92 higher at $205.71.

Corn futures closed mostly 2¢ to 3¢ lower.

Soybean futures closed 2¢ lower to 2¢ higher.

2020-02-16T17:50:07-05:00

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.