Cattle Current Podcast—Feb. 6, 2024

Cattle Current Podcast—Feb. 6, 2024

Cattle futures closed lower Monday on oversold conditions and likely profit taking as traders await this week’s cash direction.

Feeder Cattle futures closed an average of $1.89 lower.

Live Cattle futures closed an average of $1.19 lower.

Negotiated cash fed cattle trade was at a standstill through Monday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices were $3 higher in the Texas Panhandle at $178/cwt., $4 higher in Kansas at $178-$179, $1 to $1.75 higher in Nebraska at $176-$178.75 and steady to $5 higher in the western Corn Belt at $177-$179. Dressed delivered prices were $3 higher at $280.

Choice boxed beef cutout value was 40¢ higher Monday afternoon at $293.48/cwt. Select was 30¢ higher at $283.77/cwt.

Soybean futures closed 4¢ to 7¢ higher through Nov ’25.

Corn futures closed mostly fractionally higher to 1¢ higher.

KC HRW Wheat futures closed 8¢ to 11¢ lower.

2024-02-05T19:25:20-06:00

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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.

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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.