Cattle Current Podcast—Feb. 8, 2022

Cattle Current Podcast—Feb. 8, 2022

Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill through Monday afternoon, according to the Agricultural Marketing Service (AMS).

Last week, live sales were at $140 in the Texas Panhandle, $139-$140 in Kansas $138-$140 in Nebraska and $140 in the western Corn Belt. Dressed trade was at $222 in Nebraska and at $220-$222 in the western Corn Belt.

The five-area direct average steer price last week was $2.81 higher at $139.66/cwt. The average steer price in the beef was $3.79 higher at $221.79.

Live Cattle futures closed an average of 27¢ lower, except for unchanged to 7¢ higher in the back three contracts.

Choice Boxed beef cutout value was 85¢ lower at $278.96/cwt. Select was $1.01 lower at $275.04

Feeder Cattle futures closed an average of 63¢ lower, under pressure from Corn futures, which closed 14¢ to 15¢ higher in the front three contracts and then mostly 5¢ to 7¢ higher.

Soybean futures closed mostly 14¢ to 28¢ higher.

2022-02-07T21:02:35-05:00

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