Cattle Current Podcast—Feb. 17, 2022

Cattle Current Podcast—Feb. 17, 2022

Negotiated cash fed cattle trade was moderate to active on good demand in the Southern Plains through Wednesday afternoon, according to the Agricultural Marketing Service. Live prices were $2 higher at $142/cwt.

Although too few transactions to trend, live prices in Nebraska were $2-$3 higher at $142-$143 on slow trade and light to moderate demand. Dressed sales were $2 higher at $226.

Also too few to trend, there were a few live sales in the western Corn Belt steady to $3 higher at $141-$143. Dressed prices last week were $224.

Even so, Cattle futures mainly paddled in place.

Live Cattle futures closed an average of 18¢ higher.

Feeder Cattle futures closed an average 43¢ lower (10¢ to $1.27 lower) except for unchanged and 27¢ higher in the back two contracts.

Choice Boxed beef cutout value was 75¢ lower Wednesday afternoon at $269.62/cwt. Select was $1.74 lower at $266.08.

Corn futures closed 4¢ to 9¢ higher through May ’23 and then mostly 1¢ higher.

Soybean futures closed mostly 23¢ to 36¢ higher through Jan ’23 and then mostly 10¢ higher.

2022-02-16T18:27:33-05:00

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