Cattle Current Podcast—Feb. 24, 2020

Cattle Current Podcast—Feb. 24, 2020

Negotiated cash fed cattle trade ended the week steady to $1 higher on a live basis at $120/cwt. in the Southern Plains and $119-$120 in the north. Dressed trade was steady at $190.

Weaker outside markets and ample supplies continued to pressure Cattle futures Friday, although they closed off of session lows.

Live Cattle futures closed an average of 40¢ lower, amid active trade.

Feeder Cattle futures closed an average of $1.03 lower (42¢ to $1.37 lower).

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

Choice boxed beef cutout value was 59¢ higher Friday afternoon at $205.09/cwt. Select was 10¢ higher at $201.70.

2020-02-22T17:22:06-05:00

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