Cattle Current Podcast—Jan. 10, 2024

Cattle Current Podcast—Jan. 10, 2024

Howdy to all, this is Wes Ishmael with your Cattle Current Market Update for Tuesday night and Wednesday morning the 10th of January.

Live Cattle futures closed mostly higher Tuesday with late-session support tied to widespread severe weather dampening packer production and feedlot cattle performance. Feeder Cattle mostly followed along.

Live Cattle futures closed an average of 41¢ higher, except for an average of 18¢ lower in the back two contracts.

Feeder Cattle futures closed an average of 47¢ higher, except for an average of 23¢ lower in three contracts.

Negotiated cash fed cattle trade was at a standstill in all regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $172-$173/cwt. in the Southern Plains, $173-$175 in Nebraska and $175 in the western Corn Belt. Dressed delivered prices were generally $274-$275.50.

Choice boxed beef cutout value was $1.33 higher Tuesday afternoon at 280.16/cwt. Select was $3.47 higher at $262.83/cwt.

Soybean and grain futures closed higher Tuesday with likely positioning ahead of Friday’s monthly World Agricultural Supply and Demand Estimates.

Corn futures closed 3¢ to 4¢ higher.

KC HRW Wheat futures closed 9¢ to 11¢ higher.

Soybean futures closed mostly 6¢ higher.

2024-01-09T21:29:23-05:00

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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.